Whirlpool Corp.'s Proposed $1.2 Billion Senior Unsecured Notes Rated 'BB+'

TORONTO (S&P Global Ratings) June 9, 2025--S&P Global Ratings today assigned its 'BB+' issue-level rating to U.S.-based Whirlpool Corp. 's proposed $1.2 billion senior unsecured notes. The proposed notes will be issued by Whirlpool Corp. The recovery rating is '3', indicating creditors could expect meaningful (50%-70%; rounded estimate: 55%) recovery in the event of a payment default. We expect the proceeds from the offering will be used to repay a portion of the outstanding borrowings under its $1.5 billion term loan due on Oct. 31, 2025. Our ratings assume the proposed transaction closes substantially on the terms presented to us. The debt capital structure will primarily consist of: $3.5 billion senior unsecured revolving credit facility maturing May 3, 2027; and

...June 9, 2025 TORONTO (S&P Global Ratings) June 9, 2025--S&P Global Ratings today assigned its '##+' issue- level rating to U.S.-based Whirlpool Corp.'s proposed $1.2 billion senior unsecured notes. The proposed notes will be issued by Whirlpool Corp. The recovery rating is '3', indicating creditors could expect meaningful (50%-70%; rounded estimate: 55%) recovery in the event of a payment default. We expect the proceeds from the offering will be used to repay a portion of the outstanding borrowings under its $1.5 billion term loan due on Oct. 31, 2025. Our ratings assume the proposed transaction closes substantially on the terms presented to us....

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