Whirlpool Corporation (NYSE: WHR) announced it has commenced a tender offer to purchase outstanding senior notes totaling €1.1 billion issued by its wholly owned subsidiary Whirlpool Finance Luxembourg S.à r.l., according to a company statement.

The tender offer covers €500 million of 1.250% senior notes due November 2026 and €600 million of 1.100% senior notes due November 2027. The company is offering total consideration that includes a €50 early tender premium per €1,000 principal amount for notes tendered by June 12, 2026.

The tender offer expires June 30, 2026, at 5:00 p.m. Central European time. Notes tendered after the early deadline but before expiration will receive consideration excluding the early tender premium.

In connection with the 2027 notes, Whirlpool is also soliciting consents to amend the indenture governing the notes to accelerate the company's ability to satisfy and discharge obligations related to those securities.

The tender offer is conditional on Whirlpool completing a concurrent offering of new senior secured notes with proceeds sufficient to pay for all tendered notes plus accrued interest and related fees. The offer is not contingent on any minimum amount of notes being tendered.

Citigroup Global Markets Inc. serves as dealer manager and solicitation agent for the transaction. Global Bondholder Services Corporation acts as tender and information agent.

Payment for notes accepted in the early tender period is expected around June 17, 2026, while final settlement is scheduled for July 6, 2026. Holders will receive accrued interest from the last payment date through the settlement date.