Whirlpool prices $2.0B of secured second-lien notes, upsizes offering
Whirlpool (WHR) has priced $2.0 billion of secured second-lien notes, upsizing each series to $1.0 billion. The offering includes 7.500% notes due 2031 and 7.875% notes due 2034. Proceeds from these notes, along with ABL borrowings, are intended to fund the tender or repurchase of existing notes, repay revolver borrowings, and cover associated fees.
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