Kimberly-Clark Announces $300 Million Financing DALLAS, July 24 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) today announced the public offering of $300 million of 7.10% notes due August 1, 2007. The notes were priced at 99.961 percent of the principal amount to yield 7.107 percent. The public offering will be underwritten by Salomon Smith Barney Inc., Morgan Stanley & Co. Incorporated, Banc One Capital Markets, Inc., HSBC Securities (USA), Inc., and Bank of New York Capital Markets, Inc.

Proceeds from the sale of the debentures will be used principally to reduce short-term debt. Kimberly-Clark Corporation is a leading consumer products company. Its global tissue, personal care and health care brands include Huggies, Pull-Ups, Kotex, Depend, Kleenex, Scott, Kimberly-Clark, Safeskin, Tecnol, Kimwipes and WypAll. Other brands well known outside the U.S. include Andrex, Scottex, Page, Popee and Kimbies. Kimberly-Clark also is a major producer of premium business, correspondence and technical papers. The company has manufacturing operations in 40 countries and sells its products in more than 150 countries.