Simpson Thacher Represents Underwriters in $300 Million Notes Offering for Kimberly-Clark Corporation
02.10.12
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The Firm represented the underwriters, led by Barclays Capital Inc and Morgan Stanley & Co. LLC, in connection with a $300 million notes offering by Kimberly-Clark Corporation.
Kimberly-Clark Corporation issued 2.40% Notes due March 1, 2022. The net proceeds from the transaction will be used for general corporate purposes, including to repay a portion of its $400 million aggregate principal amount of 5 5/8% Notes due February 15, 2012.
Kimberly-Clark is principally engaged in the manufacturing and marketing of a wide range of essential products with brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend.
The Simpson Thacher team for the transaction included, among others, Vince Pagano, Xavier Kowalski and Alejandro de Ramon-Laca (Capital Markets) and Michael Isby (Environmental).