Whirlpool to repay €600 million term loan with funds from new notes

By Marisa Wong

Morgantown, W.Va., Feb. 20 – Whirlpool Corp. plans to repay all outstanding borrowings under its €600 million term loan using proceeds from an offering of fixed-rate senior notes, according to a 424B3 filing with the Securities and Exchange Commission.

As of Dec. 31, the term loan bore interest at 1%. The loan has a termination date of Dec. 1, 2019.

Whirlpool is a Benton Harbor, Mich.-based appliance maker.

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