Jul 27, 2007. /Lesprom Network/. Kimberly-Clark Corporation announced on July 26, 2007 the execution of a $2.1 billion public debt offering to complete the financing of its previously announced $2.0 billion accelerated share repurchase. The debt offering was comprised of $450 million 3-year floating rate notes due July 30, 2010, $950 million of 10-year notes due August 1, 2017 and $700 million of 30-year notes due August 1, 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 $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. Kimberly-Clark and its well-known brands are an indispensable part of life for people in more than 150 countries. Every day, one in four people around the world trust K-C's brands to enhance their health, hygiene and well being -- brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend.