Kimberly-Clark Raises $700M

Kimberly-Clark has priced senior unsecured notes worth $700 million.

Kimberly-Clark has priced senior unsecured notes worth $700 million. The first tranche of $250 million notes, which carry a coupon rate of 3.875%, are due to mature on March 1, 2021. The second tranche of $450 million notes, which carry a coupon rate of 5.3%, are due to mature on March 1, 2041. The paper-based consumer products company has appointed Morgan Stanley, Citigroup and Goldman Sachs as the joint bookrunning managers for the deal.

Click here for the release from PR Newswire.