Kenvue Signs Indenture Amendments Tied to Kimberly-Clark Exchange Offers
Filed with the SEC on · Summarized by InvestorsBot
Kenvue entered into a third supplemental indenture with Deutsche Bank Trust Company Americas as trustee to amend terms for its existing senior notes in connection with Kimberly-Clark’s offers to exchange up to $7 billion of Kenvue notes for Kimberly-Clark notes and cash. The amendments would remove most restrictive covenants, certain nonpayment default provisions, SEC reporting requirements and merger-related restrictions, but will become operative for each note series only when its exchange offer and consent solicitation settle, expected around the closing of Kimberly-Clark’s planned acquisition of Kenvue.