Simpson Thacher acts for banks in Kimberly-Clark de México bond offering
Simpson Thacher has represented JP Morgan and Citigroup in a $500 million bond offering by Kimberly-Clark de México (KCM).
The two banks acted as representatives of the initial purchasers in connection with the offering, whose 2.431 per cent notes are due 2031. The notes were offered and sold in reliance upon Rule 144A and Regulation S under the Securities Act, and have been listed in the Global Exchange Market of Euronext Dublin.
KCM is one of the largest consumer products companies in Mexico, producing and distributing a diversified portfolio of consumer and professional (away-from-home) products under renowned brands, including Huggies, KleenBebé, Kotex, Pétalo, Suavel, Vogue, Scott, Kleenex, Depend, Diapro, Evenflo and Escudo.
The Simpson Thacher team included Juan Francisco Méndez, Kirsten L. Davis (pictured) and Claudia Calderón (capital markets), and Nancy Mehlman and Nicole Humphrey (tax).
