Latham Advises on Kimberly-Clark’s US$4.9 Billion Private Offering of Senior Notes

Kimberly-Clark Corporation (Nasdaq: KMB) (Kimberly-Clark) has announced that it has priced a private offering of senior unsecured notes in a combined aggregate principal amount of US$4.9 billion. The offering is being conducted in connection with the previously announced proposed acquisition of Kenvue Inc. Closing of the offering is expected to occur on October 29, 2026, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents the initial purchasers in the offering with a team led by partners Stelios Saffos, Global Chair of Latham’s Capital Markets and Hybrid Capital practices, and Erika Weinberg, with associates Robyn Sablove, Justin Deuell, Michelle Zheleznyakov, and Gavin Tan with assistance from Sammy Hussein. Advice was also provided on tax matters by partner Aaron Bernstein, with associate Jorge Hinzpeter; on regulatory matters by partner BJ Trach; on FDA and healthcare matters by partners Nathan Beaton and Betty Pang, with associate Evan Rothkoff; on IP matters by partner Jeffrey Tochner, with associates Ece Gonulal and Jamie Eimbinder; on data privacy and cybersecurity matters by partner Robert Blamires, with associate Kathryn Parsons-Reponte; and on environment, land, and resources matters by partner Gary Gengel, with associate Brian McCall.