EU and US could reach trade deal this weekend - Reuters
On Monday, Kenvue Inc . (NYSE: NYSE:KVUE), a Delaware-based company specializing in perfumes, cosmetics, and other toilet preparations with a market capitalization of $46.3 billion and annual revenue of $15.3 billion, announced its entry into an Underwriting Agreement with Citigroup (NYSE:C) Global Markets Inc. and Deutsche Bank (ETR:DBKGn) Securities Inc. The agreement, dated May 20, 2025, outlines the issue and sale of $750 million aggregate principal amount of 4.850% Senior Notes due 2032.
The Senior Notes are part of an underwritten public offering under Kenvue Inc.’s existing registration statement. According to InvestingPro data, the company currently operates with a moderate level of debt, maintaining a debt-to-equity ratio of 0.88. The company plans to allocate the net proceeds from this offering for general corporate purposes, as stated in the 8-K filing with the Securities and Exchange Commission.
The details of the Underwriting Agreement were summarized in the report, with the full text of the agreement attached as an exhibit to the filing for those interested in more in-depth information.
Kenvue Inc., formerly known as JNTL, Inc. before August 25, 2022, has been incorporated in the state of Delaware and has its principal executive offices located at 1 Kenvue Way, Summit, New Jersey.
The company’s forward-looking statements indicate plans for the use of proceeds but caution that actual results may vary due to various risks and uncertainties. Such statements are common in SEC filings, providing investors with a framework for understanding potential future outcomes while acknowledging the inherent unpredictability of business ventures.
The filing also includes standard information about the company, such as its fiscal year-end, business address, and contact information. The company’s common stock is listed on the New York Stock Exchange under the ticker symbol KVUE. With impressive gross profit margins of 58.2% and a strong financial health score according to InvestingPro, which offers comprehensive analysis and 8 additional key insights about Kenvue’s financial position through its Pro Research Report, available exclusively to subscribers.
This news is based on Kenvue Inc.’s recent SEC filing and contains no endorsements or speculative statements.
In other recent news, Kenvue Inc. reported its first-quarter 2025 earnings, surpassing expectations with an adjusted earnings per share (EPS) of $0.24 compared to the forecast of $0.23. The company also exceeded revenue forecasts, reporting $3.74 billion against the anticipated $3.68 billion. Despite this positive performance, Kenvue maintained its guidance for organic sales growth for the remainder of 2025 at 2-4% and adjusted its EPS guidance to reflect a tariff impact of approximately $150 million. In a management update, Kenvue announced a new Chief Financial Officer, appointing a former Kellanova (NYSE:K) executive to replace Paul Ruh. Analysts at Citi raised the stock price target for Kenvue to $24.50 while maintaining a Neutral rating, noting that the first-quarter results were better than expected. However, they pointed out that the outlook for the second quarter appears softer due to a delayed start to the allergy season and anticipated continued destocking. The company remains focused on strategic initiatives, including innovation and supply chain resilience, to navigate the challenging market conditions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.