Kimberly-Clark plans to sell 30-year notes through three bookrunners

By Devika Patel

Knoxville, Tenn., May 1 – Kimberly-Clark Corp. is planning to price dollar-denominated notes (//A) due 2047, according to a 424B5 filing with the Securities and Exchange Commission.

Kimberly-Clark may redeem the notes with a make-whole call until six months before maturity and then a par call.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including to repay a portion of the company’s $950 million of 6.125% notes due Aug. 1, 2017 and a portion of its commercial paper.

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

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