Kimberly-Clark selling $600 million notes in two parts due 2016, 2019

By Aleesia Forni

Virginia Beach, May 19 - Kimberly-Clark Corp. is planning a $600 million offering of notes in two parts, according to a 424B5 filed with the Securities and Exchange Commission.

The offering is expected to include two-year floating-rate notes due May 19, 2016 and five-year notes due May 22, 2019.

The bookrunners are Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC.

Proceeds will be used for general corporate purposes.

Kimberly-Clark was last in the market with $850 million of notes in three parts on May 20, 2013.

The sale included $250 million of three-year floating-rate notes priced at par to yield Libor plus 12 basis points, $350 million of 2.4% 10-year notes sold with a spread of 70 bps over Treasuries and $250 million of 3.7% 30-year bonds priced at Treasuries plus 80 bps.

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

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