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Kimberly-Clark Announces USD 2.1 Billion Financing
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Dallas, Texas, USA, 26 July 2007 -- Kimberly-Clark Corporation (NYSE: KMB) today announced the execution of a USD 2.1 billion public debt offering to complete the financing of its previously announced USD 2.0 billion accelerated share repurchase.

The debt offering was comprised of USD 450 million 3-year floating rate notes due 30 July 2010, USD 950 million of 10-year notes due 01 August 2017, and USD 700 million of 30-year notes due 01 August 2037. The 3-year floating rate notes were priced at 100% of the principal amount and have an initial coupon of 5.46%. The interest rate payable on the notes will reset on a quarterly basis. The 10-year notes were priced at 99.697% of the principal amount to yield 6.166%. The 30-year notes were priced at 98.946% of the principal amount to yield 6.707%.

The public offering was underwritten by Citigroup Global Markets Inc., Lehman Brothers Inc., and J.P. Morgan Securities Inc.

Proceeds from the sale of the notes will be used to repay USD 2.0 billion of short-term borrowings initially used to fund the accelerated share repurchase program. The remaining proceeds will be used for general corporate purposes, including the partial refinancing of an August 2007 maturity.

About Kimberly-Clark

Kimberly-Clark makes tissues, paper towels, and other health and hygiene and products. To keep up with the latest K-C news and to learn more about the company, visit www.kimberly-clark.com.


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