Financing ·
Whirlpool Corporation issued $1.0 billion in 7.500% Senior Secured Second Lien Notes due 2031 and $1.0 billion in…
WHRWhirlpool Corp
Whirlpool Corporation issued $1.0 billion in 7.500% Senior Secured Second Lien Notes due 2031 and $1.0 billion in 7.875% Senior Secured Second Lien Notes due 2034. The company also entered into a $2.0 billion asset-based revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent. Proceeds will be used to pay for the concurrent tender offer and consent solicitation of its 1.250% and 1.100% senior notes due 2026 and 2027. Whirlpool Corporation is a manufacturer of home appliances.