Kimberly-Clark selling $550 million notes due 2020, 2025 Monday

By Aleesia Forni

Virginia Beach, Aug. 3 – Kimberly-Clark Corp. is selling $550 million of notes (A2/A) in two parts on Monday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

The offering is expected to include notes due 2020 and 2025.

The bookrunners are Deutsche Bank Securities Inc. and Goldman Sachs & Co.

Proceeds will be used to repay $300 million of 4.875% notes due Aug. 15, 2015 and to repay commercial paper debt.

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

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