Whirlpool announces pricing of cash tender offer
The tender offer covers 1.250% notes due 2026 and 1.100% notes due 2027, with early tender premium of €50 per €1,000.
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Home appliance manufacturer
whirlpoolcorp.comLast updated
In short: Whirlpool restructured global operations through plant closures in Mexico, layoffs in Iowa, and a $1.5 billion debt refinancing effort.
The tender offer covers 1.250% notes due 2026 and 1.100% notes due 2027, with early tender premium of €50 per €1,000.
Whirlpool reports €365M and €547M tendered for its 2026 and 2027 notes, with early settlement on June 18.
The offer targets €1.1 billion in outstanding 2026 and 2027 senior notes, with an early tender premium and consent solicitation to amend indenture.
The $1.5 billion offering includes notes due 2031 and 2034 to refinance existing debt.
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