Kimberly-Clark Secures Consents for $7 Billion Kenvue Note Exchange

Key Facts

1Kimberly-Clark received the requisite consents to adopt amendments for all outstanding Kenvue Inc. notes.

2The process involves exchanging Kenvue notes for up to $7 billion in new notes issued by Kimberly-Clark plus cash.

Kimberly-Clark received the requisite consents to adopt amendments for all outstanding Kenvue Inc. notes, PR Newswire reported. The process involves exchanging the Kenvue notes for up to $7 billion in new notes issued by Kimberly-Clark plus cash payments for eligible holders.

The restructuring aims to exchange Kenvue's debt obligations for Kimberly-Clark’s own corporate notes following a previous transaction. Regarding market performance, KMB closed at $98.77 on October 12, 2026, while KVUE closed at $17.83 on the same date.