Simpson Thacher Represents Underwriters in $350 Million Notes Offering for Kimberly-Clark
05.08.17
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The Firm recently represented underwriters, led by J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC, in connection with a registered offering by Kimberly-Clark Corporation (“Kimberly-Clark”) of $350 million aggregate principal amount of its 3.9% notes due 2047. The net proceeds from the transaction will be used for general corporate purposes, including to repay certain existing indebtedness.
Kimberly-Clark is a global company focused on leading the world in essentials for a better life through product innovation and building its personal care, consumer tissue and K-C Professional brands. The company is principally engaged in the manufacturing and marketing of a wide range of products mostly made from natural or synthetic fibers using advanced technologies in fibers, nonwovens and absorbency. Its leading brands include Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend.
The Simpson Thacher team for the transaction included John D. Lobrano, John O’Connell and Samantha Fox (Capital Markets); Jon Cantor (Tax); Mike Isby (Environmental); and Jennie Getsin (FINRA and Blue Sky).