Loan & DebtJun 18, 2026, 04:22 PM
Whirlpool Amends 2027 Notes Indenture, Accelerating Discharge
AI Summary
Whirlpool Finance Luxembourg S.à r.l., with Whirlpool Corporation as parent, entered into a First Supplemental Indenture to amend the terms of its 1.100% Notes due 2027. The amendment revises the satisfaction and discharge clause, changing the period from "one year" to "two years," thereby accelerating the Issuer's ability to discharge the Indenture. This action follows a successful tender offer and consent solicitation, with approximately 91.12% of the outstanding notes tendered, securing the necessary consents.
Key Highlights
- Whirlpool Finance Luxembourg S.à r.l. entered into a First Supplemental Indenture for its 1.100% Notes due 2027.
- The amendment revises Section 10.01 of the Indenture, changing "one year" to "two years" for the 2027 Notes.
- This change accelerates the Issuer's ability to satisfy and discharge the Indenture with respect to the 2027 Notes.
- As of June 12, 2026, \u20ac546,715,000 aggregate principal amount of 2027 Notes were tendered.
- This represents approximately 91.12% of the outstanding principal amount, sufficient for requisite consents.
Price Impact
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