Kimberly-Clark Corp.'s Senior Unsecured Notes Issuance Rated 'A'

CHICAGO (S&P Global Ratings) Feb. 13, 2023--S&P Global Ratings today assigned its 'A' issue-level rating to Dallas-based Kimberly-Clark Corp.'s proposed senior unsecured notes (final amount and maturity to be determined). The company will draw the offering from its Rule 415 shelf registration statement filed Feb. 10, 2022. We expect Kimberly-Clark to use the net proceeds from this leverage-neutral issuance for general corporate purposes, including to repay a portion of its commercial paper borrowings. The company had total reported debt outstanding of about $8.4 billion as of Dec. 31, 2022. All our other ratings on Kimberly-Clark, including our 'A' long-term and 'A-1' short-term issuer credit rating, are unchanged. The outlook is negative. Kimberly-Clark reported mixed results relative to our expectations for

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