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Whirlpool Corporation Cash Tender Offer Pricing

In an important announcement on June 15, 2026, Whirlpool Corporation (NYSE: WHR) detailed the pricing of its previously declared cash tender offer. This offer involves the intention to purchase any and all outstanding 1.250% Notes due 2026 and 1.100% Notes due 2027, which are issued by Whirlpool Finance Luxembourg S.à r.l., a wholly-owned subsidiary.

The cash tender offer aims to provide an option for the holders of the existing bonds to liquidate their investment at specified prices. The detailed pricing information for both series of notes includes:


This tender offer also corresponds with a consent solicitation process to seek approval from the noteholders on proposed amendments to the governing indenture for the 2027 Notes, originally established on November 2, 2016.

Timeline and Conditions

The Company has chosen to make payments for the notes validly tendered by the Early Tender Expiration, which was set at June 12, 2026. Those holders who obtained Acceptance for their notes are set to receive the total consideration outlined in the table above, which also incorporates an Early Tender Premium of €50.00 per validly tendered note. Payment is anticipated to occur on June 18, 2026, marking the Early Settlement Date.

Beyond the Early Tender phase, Whirlpool will also continue to accept tenders until the Expiration Time, which is scheduled for 5:00 PM Central European time on June 30, 2026. After this date, no tender submissions will be accepted, and payment for these notes is expected to occur promptly by July 6, 2026.

Financing Plans

To finance this tender offer, Whirlpool plans to secure $2.0 billion in senior secured notes, bifurcated into two categories: $1.0 billion with a 7.500% interest rate due in 2031, and the same amount at a 7.875% rate due in 2034. The net proceeds from this financing transaction are intended to cover all associated costs of both the tender offer and accrued interest for the validly tendered notes.

Whirlpool Corporation retains the discretion to extend or terminate the tender offer and the consent solicitation. Should all conditions not be adequately met, the company can decide at will. Citigroup Global Markets Inc. acts as the dealer manager during this process, providing necessary assistance to potential tendering holders.

Investor Considerations

Whirlpool advises all holders of notes to contemplate their positions carefully in light of the financial implications outlined in these announcements. Each holder must independently decide whether to proceed with the tender based on their financial situation and should seek appropriate financial or legal counsel for personal advice, especially regarding potential tax ramifications.

In summary, Whirlpool's structured approach to the tender offer and finance raises opportunities for holders while setting precise timelines and financial expectations. By actively engaging with the market through this tender offer, Whirlpool ensures that it meets prevailing investor needs while managing its capital structure effectively.