S&P rates Whirlpool EMEA notes BBB

S&P said it assigned its BBB issue-level rating to Whirlpool EMEA Finance Sarl’s proposed senior unsecured notes. The proposed notes are fully guaranteed by parent, Whirlpool Corp., which indirectly owns all the shares of the issuer finance subsidiary.

Whirlpool intends to use the proceeds to redeem the 0.625% 2020 notes, of which €500 million is outstanding. Any remaining proceeds will be used for general corporate purposes.

All of S&P’s ratings on Whirlpool, including the BBB issuer credit rating, are unchanged.

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