Whirlpool Corp.'s Proposed $800 Million Unsecured Notes Assigned 'BBB' Rating - S&P Global Ratings’ Credit Research

Whirlpool Corp.'s Proposed $800 Million Unsecured Notes Assigned 'BBB' Rating

Whirlpool Corp.'s Proposed $800 Million Unsecured Notes Assigned 'BBB' Rating - S&P Global Ratings’ Credit Research
Whirlpool Corp.'s Proposed $800 Million Unsecured Notes Assigned 'BBB' Rating
Published Feb 20, 2014
Published Feb 20, 2014
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Abstract:

NEW YORK (Standard&Poor's) Feb. 20, 2014--Standard&Poor's Ratings Services said today it assigned its 'BBB' senior unsecured debt rating to Whirlpool Corp.'s proposed $800 million senior unsecured notes offering, consisting of three-year, five-year, and 10-year notes (amounts to be finalized at the close of the transaction). The company will issue the notes off of its Rule 415 universal shelf registration for debt securities filed in 2012. Whirlpool intends to use the net proceeds of this offering for general corporate purposes, including the repayment of its $500 million 8.6% notes that mature on May 1, 2014, and its $100 million 6.45% notes that mature on Aug. 15, 2014. As of Dec. 31, 2013, the Benton Harbor, Mich.-based company

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Household Appliances (25201040)
Sector
Global Issuers , Structured Finance
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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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Whirlpool Corp.'s Proposed $800 Million Unsecured Notes Assigned 'BBB' Rating" Feb 20, 2014. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Whirlpool-Corp-s-Proposed-800-Million-Unsecured-Notes-Assigned-BBB-Rating-1261747>
  
APA:
S&P Global Ratings’ Credit Research. (). Whirlpool Corp.'s Proposed $800 Million Unsecured Notes Assigned 'BBB' Rating Feb 20, 2014. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Whirlpool-Corp-s-Proposed-800-Million-Unsecured-Notes-Assigned-BBB-Rating-1261747>
  
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