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Whirlpool Announces Upsize and Pricing of Offering of Secured Notes
The deal was upsized to $2 billion after Whirlpool priced $1 billion of notes due in 2031 and $1 billion due in 2034.
- On Tuesday, Whirlpool Corporation announced it priced a $2 billion offering of senior secured second lien notes, comprising $1.0 billion each of 2031 and 2034 notes.
- The 2031 Notes bear a 7.500% annual interest rate while the 2034 Notes carry 7.875%, with both maturing July 1 of their respective years and interest payable semi-annually from June 16, 2026.
- Whirlpool upsized the offering from the previously announced $750 million for each series of notes, increasing the total aggregate principal amount to $2 billion for additional capital.
- Proceeds from the notes, alongside borrowings under the proposed ABL Credit Facility, will fund existing debt repayment, with the offering expected to close on June 16, 2026.
- These financial maneuvers support Whirlpool's strategic portfolio transformation and long-term capital management as the company pursues its business objectives amid evolving market conditions.
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The Billings Gazette+18 Reposted by 18 other sources
Whirlpool Announces Upsize and Pricing of Offering of Secured Notes
BENTON HARBOR, Mich., June 2, 2026 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) ("Whirlpool" or the "Company") announced today that it priced its offering of $1.0 billion in aggregate principal amount of 7.500% Senior Secured Second Lien Notes due 2031 (the…
·Billings, United States
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Leaning Left0Leaning Right1Center13Last UpdatedBias Distribution93% Center
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- 93% of the sources are Center
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