Whirlpool prices $2B secured note offering to refinance existing debt

Whirlpool upsized its offering of Senior Secured Second Lien Notes to $2 billion across two tranches maturing in 2031 and 2034, with rates of 7.500% and 7.875% respectively. The company will use proceeds to refinance lower-rate debt maturing in 2026-2027 and repay existing credit facilities.