Whirlpool sets guidance for $800 million three-part senior notes

By Aleesia Forni

Virginia Beach, Feb. 20 - Whirlpool Corp. is planning to sell a three-tranche offering of senior notes in tranches due 2017, 2019 and 2024, according to a syndicate source and a 424B3 filed with the Securities and Exchange Commission on Thursday.

The three-year notes are guided in the low 90 basis points area over Treasuries, while the five-year notes have guidance in the Treasuries plus 112.5 bps area.

Guidance for the 10-year notes is set in the low 140 bps area over Treasuries.

The bookrunners are BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBS Securities Inc.

Proceeds will be used for general corporate purposes, including repayment of $100 million of 6.45% Maytag medium-term notes that mature in August 2014 and $500 million 8.6% senior notes that mature in May 2014.

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

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