The company has set the early tender deadline for June 12, 2026, with an expected settlement date of June 18. Holders who participated by this cutoff are eligible for a total consideration of €994.09 per €1,000 principal amount for the 2026 notes and €973.94 for the 2027 notes, inclusive of an early tender premium. Interest accrued and unpaid will be paid separately upon settlement.
Whirlpool Launches Debt Restructuring Tender for Luxembourg Notes
Whirlpool Corporation has initiated a cash tender offer for all outstanding 1.250% notes due 2026 and 1.100% notes due 2027 issued by its subsidiary, Whirlpool Finance Luxembourg. The move includes a consent solicitation for the 2027 series, as the appliance manufacturer seeks to manage its debt maturity profile.
To fund the repurchase, Whirlpool plans to issue $2.0 billion in senior secured second lien notes due 2031 and 2034. This financing transaction is expected to close on or about June 16, 2026. While the early tender window has closed, the company continues to accept notes until the final expiration time on June 30, 2026. Citigroup Global Markets is serving as the dealer manager for the transaction, while Global Bondholder Services Corporation acts as the information agent. The company emphasizes that this offer does not constitute a recommendation, and bondholders are encouraged to consult their own financial and legal advisors before participating.
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