Simpson Thacher Represents Underwriters in US$700 Million Notes Offering for Kimberly-Clark Corporation
02.10.11
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The Firm represented Citigroup Global Markets Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated, J.P. Morgan Securities Inc. and other several Underwriters in connection with a US$700 million notes offering by Kimberly-Clark Corporation, a Delaware corporation.
Kimberly-Clark Corporation issued 3.875% Notes due March 1, 2021 and of 5.300% Notes due March 1, 2041. The net proceeds from the transaction will be used for general corporate purposes, which may include repurchases of capital stock, funding for pensions plans and redemption of outstanding commercial paper.
Kimberly-Clark is a global health and hygiene company focused on product innovation and building its personal care, consumer tissue, K-C Professional and Other, and health care operations.
The Simpson Thacher team for the transaction included, among others, Vince Pagano, Xavier Kowalski and Corina Gugler (Capital Markets).