Whirlpool issues $2.0 billion of secured notes to refinance existing debt
On June 16, 2026, Whirlpool issued $2.0 billion of senior secured second lien notes, due 2031 and 2034, and entered a new $2.0 billion asset-based revolving credit facility. The company plans to use the proceeds to pay for euro notes tendered in a concurrent tender offer, to fund defeasance of any untendered notes, and to repay its unsecured revolver, and the filing says the existing long-term credit agreement was repaid in full.
Key points
- $1.0 billion of 7.500% notes due July 1, 2031 and $1.0 billion of 7.875% notes due July 1, 2034, with interest paid semi-annually from January 1, 2027
- Early tender results: 73.06% of the 1.250% notes due 2026 and 91.12% of the 1.100% notes due 2027 were tendered by June 12, 2026
- Early settlement is expected on or about June 18, 2026; the tender offer expires June 30, 2026, with final settlement anticipated July 6, 2026
- The new ABL facility of up to $2.0 billion matures five years after its effective date and bears interest based on Term SOFR or other benchmark rates plus a margin of 1.50% to 2.00%
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 16, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.