debt
confidence high
sentiment neutral
materiality 0.65
Whirlpool upsizes secured notes offering to $2B; prices 7.500% and 7.875% tranches
WHIRLPOOL CORP /DE/
- Priced $1.0B of 7.500% Senior Secured Second Lien Notes due 2031 and $1.0B of 7.875% Notes due 2034.
- Offering upsized from previously announced $750M per tranche; closing expected June 16, 2026.
- Proceeds to fund tender offer for existing 1.250% 2026 and 1.100% 2027 notes and repay revolver.
- Notes are secured by assets that also secure new ABL credit facility, excluding certain properties.
- Guaranteed by domestic and Canadian subsidiaries that are borrowers/guarantors under the ABL facility.