BENTON HARBOR, Mich.,
April 29, 2021 /PRNewswire/
-- Whirlpool Corporation (NYSE: WHR) announced today the
completion of its $300 million
10-year inaugural Sustainability Bond with an interest coupon of
2.4% per annum. This transaction is in line with its newly
introduced Sustainability Bond Framework. This milestone further
advances Whirlpool Corporation's global sustainability strategy
focusing on actions to drive positive environmental and social
impacts.
"Over the course of our 110-year history, Whirlpool Corporation
has remained committed to designing and building products that
exceed our consumers' expectations while investing to care for our
communities and the planet," said Jim
Peters, chief financial officer of Whirlpool Corporation.
"We're encouraged that there was such strong demand from investors
and believe the issuance of the bond reflects on our core
philosophy that sound corporate citizenship and environmental
performance are good for business. We are proud to be a leader in
our industry as we continue our constant pursuit of improving life
at home."
Whirlpool Corporation's Sustainability Bond Framework
facilitates the company's use of sustainable capital markets to
finance eligible projects that align with its commitments.
Sustainalytics, a leading ESG research, ratings and data firm,
reviewed Whirlpool Corporation's Sustainability Bond Framework and
provided a second party opinion which can be viewed here.
Sustainalytics has confirmed that Whirlpool Corporation's
Sustainability Bond Framework aligns with the Sustainability Bond
Guidelines 2018, Green Bond Principles 2018, and Social Bond
Principles 2020, published by the International Capital Market
Association.
An amount equal to the bond proceeds will be used to finance
projects within one or more of these categories:
Environmental Categories
1. Eco-efficient Products
2. Renewable Energy
3. Energy Efficiency
4.Green Buildings
5. Pollution Prevention and Control
Social Categories
6. Socioeconomic Advancement and
Empowerment
7. Access to Basic Infrastructure
For a full list of commitments and further details on Whirlpool
Corporation's Sustainability Bond Framework, please visit the
website, whirlpoolcorp.com, in the "Investors" section.
This offering was made only by means of a prospectus supplement
and an accompanying prospectus filed as part of an effective shelf
registration statement filed with the U.S. Securities and Exchange
Commission on Form S-3.
Copies of the prospectus supplement and the accompanying
prospectus relating to this offering may be obtained by calling BNP
Paribas Securities Corp. at 1 (800) 854-5674, BofA Securities Inc.
at 1-800-294-1322, J.P. Morgan Securities LLC at 1-212-834-4533 or
Wells Fargo Securities, LLC at 1-800-645-3751.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Sustainability Bonds or any
other securities, nor shall there be any sale of the Sustainability
Bonds in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Whirlpool Corporation
Whirlpool Corporation
(NYSE: WHR) is the world's leading kitchen and laundry appliance
company, with approximately $19
billion in annual sales, 78,000 employees and 57
manufacturing and technology research centers in 2020. The company
markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana,
Bauknecht, JennAir, Indesit and other major brand names in
nearly every country throughout the world. Additional information
about the company can be found at www.WhirlpoolCorp.com.
Forward-Looking statements:
This press release
contains certain forward-looking statements that are not historical
facts or current facts, including those related to use of an amount
equal to bond proceeds for certain eligible project categories and
future actions to drive environmental and social impacts. These
forward-looking statements convey Whirlpool's current expectations
or forecasts of future events. Forward-looking statements are
generally identified through the inclusion of words such as "aim,"
"anticipate," "believe," "drive," "estimate," "expect," "focus,"
"goal," "intend," "may," "plan," "project," "strategy," "target"
and "will" or similar statements or variations of such terms and
other similar expressions. Forward-looking statements regarding
Whirlpool involve known and unknown risks, uncertainties and other
factors that may cause Whirlpool's actual results, performance or
achievements to be materially different from any future results,
performances or achievements expressed or implied by the
forward-looking statements in this press release. Certain of these
risks and uncertainties are described in the "Risk Factors" section
of Whirlpool's most recent annual report on Form 10-K and quarterly
report on Form 10-Q. You are cautioned not to place undue reliance
on the forward-looking statements contained herein, which are made
only as of the date of this document. Whirlpool does not undertake
any obligation to publicly release any updates or revisions to any
forward-looking statements to reflect the impact of events or
circumstances that arise after the date the forward-looking
statements were made.
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SOURCE Whirlpool Corporation