Whirlpool Announces Pricing of Cash Tender Offer
Whirlpool priced a $2.0 billion offering of senior secured second lien notes to fund a cash tender offer for its existing 2026 and 2027 Euro-denominated notes. The new debt consists of $1.0 billion of 7.500% notes due 2031 and $1.0 billion of 7.875% notes due 2034, closing on or about June 16, 2026.
Key figures
- Deal Value Usd
- 2000000000
- New notes 2031 coupon
- 7.500%
- New notes 2034 coupon
- 7.875%
- Early tender premium eur
- €50.00 per €1,000
- Total consideration 2026 eur
- €994.09 per €1,000
- Total consideration 2027 eur
- €973.94 per €1,000
- Tender offer notes 2026 coupon
- 1.250%
- Tender offer notes 2027 coupon
- 1.100%
AI analysis
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