WHIRLPOOL CORP /DE/ (WHR) Form 8-K — Jun 16, 2026
Whirlpool Corporation issued $2.0 billion in aggregate principal amount of Senior Secured Second Lien Notes, consisting of $1.0 billion of 7.500% notes due 2031 and $1.0 billion of 7.875% notes due 2034. The notes were sold via private placement to qualified institutional buyers and are guaranteed by the company's domestic and Canadian subsidiaries, secured by a second-priority lien on substantially all assets. The net proceeds from the notes, combined with borrowings from a new $2.0 billion asset-based revolving credit facility led by JPMorgan, will be used to fully repay the company's existing unsecured revolving credit facility and tendered 1.250% and 1.100% senior notes.
Key figures
- Debt Amount
- $2,000,000,000
- Interest Rate
- 7.500% / 7.875%
- Maturity Date
- July 1, 2031 / July 1, 2034
- Gross Proceeds
- $2,000,000,000
- Abl margin abr
- 0.50% to 1.00%
- Abl margin term
- 1.50% to 2.00%
- Notes 2031 amount
- $1,000,000,000
- Notes 2034 amount
- $1,000,000,000
- Abl facility amount
- $2,000,000,000
- Existing notes 2026 rate
- 1.250%
- Existing notes 2027 rate
- 1.100%
Price after filing
Close on the filing date to close N calendar days later (from $40.11). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.