Kimberly-Clark Reports Final Results of Kenvue Notes Exchange Offers

what happened

Kimberly-Clark has announced the final results of its offers to exchange Kenvue notes, which expired on November 2, 2026 at 5:00 p.m. New York time. According to TradingView, citing a PR Newswire release, settlement of the exchange is expected on November 4, 2026.

The offers covered up to $7 billion of new Kimberly-Clark notes, but that figure is a cap on the offer, not the amount accepted. The highest share of principal was tendered in the 2043, 2053 and 2063 series, at 97 to 98.5 percent. The lowest, 73.93 percent, was in the 2028 series.

Holders who tendered by October 9, 2026 received $970 in new notes per $1,000 of principal, a $30 premium and $1 in cash. The amendments to the indenture take effect only after settlement, and the new notes keep the interest rates, payment dates and maturities of the old ones.

why it matters

This is an execution update on a previously announced debt exchange, not a new report on revenue or earnings. Confirmation of settlement and the final accepted principal amount would show the real scale of the exchange.

market impact

Kimberly-Clark and Kenvue bonds: completing the exchange reshapes the debt structure, with no direct effect on the share price.

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