WHIRLPOOL CORP /DE/ (WHR): debt financing — Whirlpool issues $2.0B in 7.5% and 7.875% secured notes; launches tender offer for €1.1B of low-coupon notes

WHIRLPOOL CORP /DE/

Issued $1.0B of 7.500% Senior Secured Second Lien Notes due 2031 and $1.0B of 7.875% Senior Secured Second Lien Notes due 2034.
Entered $2.0B ABL Credit Facility with JPMorgan as administrative agent; replaces existing unsecured revolver.
Tender offer for €500M of 1.250% 2026 notes and €600M of 1.100% 2027 notes at total consideration of €994.09 and €973.94 per €1,000, respectively.
Early tender results: 73.06% of 2026 notes and 91.12% of 2027 notes validly tendered by June 12, 2026.
Net proceeds will fund purchase of tendered notes, repay existing revolver, and pay fees.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

WHIRLPOOL CORP /DE/ incurred senior notes of $1.0 billion with U.S. Bank Trust Company, National Association at 7.875% per annum maturing July 1, 2034.

Instrument: senior notes
Principal: $1.0 billion
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.875% per annum
Maturity: July 1, 2034
Event: incurrence

Exact text from the filing

On June 16, 2026, Whirlpool Corporation (the “Company”) issued $1.0 billion in aggregate principal amount of its 7.500% Senior Secured Second Lien Notes due 2031 (the “2031 Notes”) and $1.0 billion in aggregate principal amount of 7.875% Senior Secured Second Lien Notes due 2034 (the “2034 Notes” and, together with the 2031 Notes, the “Notes”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.8

WHIRLPOOL CORP /DE/ incurred credit facility of not specified in the filing with JPMorgan Chase Bank, N.A. at not specified maturing not specified.

Instrument: credit facility
Principal: not specified in the filing
Counterparty: JPMorgan Chase Bank, N.A.
Rate: not specified
Maturity: not specified
Event: incurrence

Exact text from the filing

On June 16, 2026, the Company entered into an ABL Credit and Guaranty Agreement (the “ABL Credit Agreement”) by and among the Company, certain other borrowers and guarantors, the lenders referred to therein, and JPMorgan Chase Bank, N.A., as Administrative Agent.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

WHIRLPOOL CORP /DE/ incurred senior notes of $1.0 billion with U.S. Bank Trust Company, National Association at 7.500% per annum maturing July 1, 2031.

Instrument: senior notes
Principal: $1.0 billion
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.500% per annum
Maturity: July 1, 2031
Event: incurrence

Exact text from the filing

On June 16, 2026, Whirlpool Corporation (the “Company”) issued $1.0 billion in aggregate principal amount of its 7.500% Senior Secured Second Lien Notes due 2031 (the “2031 Notes”) and $1.0 billion in aggregate principal amount of 7.875% Senior Secured Second Lien Notes due 2034 (the “2034 Notes” and, together with the 2031 Notes, the “Notes”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WHIRLPOOL CORP /DE/ entered into ABL Credit and Guaranty Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent (effective 2026-06-16).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
Effective: 2026-06-16

Exact text from the filing

On June 16, 2026, the Company entered into an ABL Credit and Guaranty Agreement (the “ABL Credit Agreement”) by and among the Company, certain other borrowers and guarantors, the lenders referred to therein, and JPMorgan Chase Bank, N.A., as Administrative Agent.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WHIRLPOOL CORP /DE/ entered into Indenture with U.S. Bank Trust Company, National Association, as trustee and notes collateral agent valued at $1.0 billion and $1.0 billion (effective 2026-06-16).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association, as trustee and notes collateral agent
Value: $1.0 billion and $1.0 billion
Effective: 2026-06-16

Exact text from the filing

On June 16, 2026, Whirlpool Corporation (the “Company”) issued $1.0 billion in aggregate principal amount of its 7.500% Senior Secured Second Lien Notes due 2031 (the “2031 Notes”) and $1.0 billion in aggregate principal amount of 7.875% Senior Secured Second Lien Notes due 2034 (the “2034 Notes” and, together with the 2031 Notes, the “Notes”). The Notes were issued pursuant to an indenture, dated as of June 16, 2026 (the “Indenture”), by and among the Company, the other guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and notes collateral agent.

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WHIRLPOOL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001193125-26-272923

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