Whirlpool to offer fixed-rate senior notes via six bookrunners

By Mary-Katherine Stinson

Lexington, Ky., Feb. 22 – Whirlpool Corp. plans to sell dollar-denominated fixed-rate senior notes, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will have a make-whole call and then a par call, as well as a change-of-control put at 101.

BNP Paribas Securities Corp., ING Financial Markets LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc. and SG Americas Securities, LLC are the joint bookrunning managers.

U.S. Bank Trust Co., NA is the trustee.

Counsel to the issuer is provided by Kirkland & Ellis LLP and to the underwriters by Mayer Brown LLP.

Proceeds will be used to repay all the company’s $300 million of 4% notes at maturity on March 1, 2024.

Whirlpool is a Benton Harbor, Mich.-based appliance maker.

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