Whirlpool Corp.?s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-' - S&P Global Ratings’ Credit Research

Whirlpool Corp.?s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-'

Whirlpool Corp.?s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-' - S&P Global Ratings’ Credit Research
Whirlpool Corp.?s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-'
Published Feb 22, 2013
1095 words — Published Feb 22, 2013
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Abstract:

NEW YORK (Standard&Poor's) Feb. 22, 2013--Standard&Poor's Ratings Services said today that it assigned its 'BBB-' senior unsecured debt rating to Whirlpool Corp.'s (BBB-/Stable/A-3) proposed $500 million senior unsecured notes offering, consisting of 10-year and 30-year notes. The company will issue the notes off of its Rule 415 universal shelf registration for debt securities. Whirlpool intends to use the net proceeds of this offering for general corporate purposes, including the repayment of its $500 million 5.5% notes that mature on March 1, 2013. As of Dec. 31, 2012, the Benton Harbor, Mich.-based company had about $2.46 billion in reported debt outstanding. Our corporate credit rating reflects Whirlpool's "satisfactory" business risk profile and "intermediate" financial risk profile. Key

  
Brief Excerpt:

RESEARCH Whirlpool Corp.aÇÖs Proposed $500 Million Senior Unsecured Notes Rated '###-' Publication date: 22-Feb-2013 Primary Credit Analyst: Rick R Joy, New York (1) 212-438-1310; rick_joy@standardandpoors.com Secondary Contact: Chris...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Household Appliances (25201040)
Sector
Global Issuers , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Whirlpool Corp.?s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-'" Feb 22, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Whirlpool-Corp-s-Proposed-500-Million-Senior-Unsecured-Notes-Rated-BBB-1082897>
  
APA:
S&P Global Ratings’ Credit Research. (). Whirlpool Corp.?s Proposed $500 Million Senior Unsecured Notes Rated 'BBB-' Feb 22, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Whirlpool-Corp-s-Proposed-500-Million-Senior-Unsecured-Notes-Rated-BBB-1082897>
  
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