Whirlpool launches $1.5B secured debt offering to refinance 2026-2027 notes

Filed June 1, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

• high

  Whirlpool is raising $1.5 billion through new senior secured second lien notes ($750M due 2031, $750M due 2034) in a private placement to institutional investors. These secured notes rank behind first-lien debt and increase the company's overall debt burden.

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• high

  Company launched tender offer to buy back all outstanding notes due 2026 and 2027 issued by Luxembourg subsidiary. This refinancing extends debt maturity but likely at higher rates, as new notes are secured versus existing unsecured notes.

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• medium

  Whirlpool is seeking bondholder consent to amend the 2027 notes indenture, allowing earlier satisfaction and discharge of those obligations. This would give management more flexibility to retire the 2027 notes sooner than originally permitted.

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