Kimberly-Clark Corporation
| Company Deal | 70,000 shares of 4% convertible second preferred stock |
|---|---|
| Transaction Type | Convertible Second Preferred Stock (Cumulative) |
| Deal Description | Kimberly-Clark Corporation added the net proceeds from this transaction to its general funds, to be used in connection with the financing of additional plants and facilities. The corporation and its subsidiaries had undertaken a major expansion program. The daily chemical pulp capacity was expected to be increased by 49%, while the paper-making capacity was expected to be increased by 36%. |