Kimberly‑Clark extends deadline for Kenvue note exchange offers to Nov. 2, 2026
Kimberly‑Clark announced that the expiration date for its exchange offers of all outstanding Kenvue notes has been moved from Oct. 27, 2026 to 5:00 p.m. New York time on Nov. 2, 2026. The offers cover up to $7 billion of new Kimberly‑Clark notes and remain contingent on the closing of Kimberly‑Clark’s pending acquisition of Kenvue. As of the Oct. 27 cut‑off, tender rates ranged from 73.93% to 98.54% across the various note series.
Why it matters
The extension gives eligible holders more time to tender their Kenvue notes before settlement, which is expected to occur promptly after the new expiration date. Settlement of the exchange is required for the acquisition to be completed, affecting the capital structure of both companies.
Key facts
- 1The expiration date was extended from 5:00 p.m. New York time on Oct. 27, 2026 to 5:00 p.m. on Nov. 2, 2026. prnewswire.com
- 2The exchange offers cover up to $7,000,000,000 aggregate principal amount of new Kimberly‑Clark notes. prnewswire.com
- 3Tendered percentages as of 5:00 p.m. on Oct. 27, 2026 were: 73.93% for 2028 notes, 84.65% for 2030 notes, 93.69% for 2032 notes, 92.21% for 2033 notes, 97.12% for 2043 notes, 98.54% for 2053 notes, and 96.84% for 2063 notes. sec.gov
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.