Simpson Thacher Represents Underwriters in $700 Million Notes Offering by Kimberly-Clark
04.26.19
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The Firm recently represented the underwriters, led by J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC in connection with a registered offering by Kimberly-Clark Corporation (“Kimberly-Clark”) of $700 million aggregate principal amount of its 3.2% notes due 2029. The net proceeds from the transaction will be used for general corporate purposes, including the repayment of a portion of Kimberly-Clark’s commercial paper balance.
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. Kimberly-Clark 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.
The Simpson Thacher team for the transaction included Risë Norman and Davis Mahon (Capital Markets); Jon Cantor (Tax); Alysha Sekhon (Intellectual Property); Mike Isby (Environmental); and Jennie Getsin and Andrew Pagliughi (FINRA and Blue Sky).