Whirlpool Corporation Debt Issuance and Credit Facility Agreement

Whirlpool Corporation announced the issuance of $2.0 billion in aggregate principal amount of Senior Secured Second Lien Notes. Specifically, $1.0 billion of 7.500% Senior Secured Second Lien Notes due 2031 and $1.0 billion of 7.875% Senior Secured Second Lien Notes due 2034 were issued on June 16, 2026. These notes were sold on a private placement basis. The proceeds will be used to fund a tender offer for existing notes, repay outstanding amounts under an unsecured revolving credit facility, and cover associated fees and expenses. The company also entered into a new $2.0 billion Asset-Based Revolving Credit Facility (ABL Credit Facility) which matures in five years. This facility will be used for working capital and general corporate purposes. The ABL Credit Facility replaced the company's existing long-term credit agreement. The notes are guaranteed by certain domestic and Canadian subsidiaries and secured on a second-priority basis by substantially all assets of the company and the guarantors, subject to certain exclusions. The ABL Credit Facility is secured by a first-priority lien on these assets. Both the notes and the credit facility contain customary covenants and events of default.