The Firm recently represented underwriters, led by Deutsche Bank Securities Inc. and Goldman, Sachs & Co., in connection with a registered offering by Kimberly-Clark Corporation (“Kimberly-Clark”) of $550 million aggregate principal amount of notes. Kimberly-Clark issued $250 million aggregate principal amount of its 2.15% Notes due August 15, 2020 and $300 million aggregate principal amount of its 3.05% Notes due August 15, 2025. The net proceeds from the transaction will be used to repay certain existing indebtedness.
Kimberly-Clark is a global company focused on leading the world in essentials for a better life through product innovation and building its personal care, consumer tissue and K-C Professional brands. The company is principally engaged in the manufacturing and marketing of a wide range of products mostly made from natural or synthetic fibers using advanced technologies in fibers, nonwovens and absorbency. Its leading brands include Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend.
The Simpson Thacher team for the transaction included John D. Lobrano, John O’Connell, Kai Fan and Deborah Gruen (Capital Markets); Jon Cantor and Jacqueline Barbera (Tax); Mike Isby (Environmental); and Jennie Getsin (FINRA and Blue Sky).
Source: www.stblaw.com
