New Issue: Kimberly-Clark prices $600 million 2% 10-year notes with 48 bps spread

By Wendy Van Sickle

Columbus, Ohio, Oct. 28 – Kimberly-Clark Corp. priced $600 million of 2% 10-year senior notes (A) on Thursday at 99.486 to yield 2.046% or a spread of Treasuries plus 48 basis points, according to an FWP filing with the Securities and Exchange Commission.

BBVA Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC are the active lead managers. Morgan Stanley & Co. LLC is a passive lead manager.

Proceeds will be used for general corporate purposes.

The consumer paper products company is based in Irving, Tex.

Issuer:	Kimberly-Clark Corp.
Amount:	$600 million
Description:	Senior notes
Maturity:	Nov. 2, 2031
Bookrunners:	BBVA Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC (active) and Morgan Stanley & Co. LLC (passive)
Senior co-managers:	HSBC Securities (USA) Inc. and Standard Chartered Bank
Co-managers:	Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, ICBC Standard Bank plc, Loop Capital Markets LLC, MUFG, RBC Capital Markets, LLC, Santander Investment Securities Inc., SMBC Nikko Securities America, Inc. and U.S. Bancorp Investments, Inc.
Coupon:	2%
Price:	99.486
Yield:	2.046%
Spread:	Treasuries plus 48 bps
Call features:	Make-whole call before Aug. 2, 2031 at price equal to greater of par and Treasuries plus 10 bps; thereafter at par
Change-of-control put:	At 101
Trade date:	Oct. 28
Settlement date:	Nov. 2
Ratings:	S&P: A
Distribution:	SEC registered
Cusip:	494368CD3

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