WHIRLPOOL CORPORATION (NYSE:WHR) Files An 8-K Entry into a Material Definitive Agreement

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WHIRLPOOL CORPORATION (NYSE:WHR) Files An 8-K Entry into a Material Definitive Agreement
Item 2.03. Entry Into a Material Contract

OnSeptember27, 2017, Whirlpool Corporation (the “Company”) exercised its commitment increase and term extension rights under the Third Amended and Restated Long-Term Credit Agreement (the “Amended Long-Term Facility”) by and among the Company, certain other borrowers, the lenders referred to therein, JPMorgan Chase Bank, N.A. as Administrative Agent, and Citibank, N.A., as Syndication Agent. In connection with this exercise, the Company entered into a Consent to Commitment Increase agreement with the Administrative Agent (the “Commitment Consent”), which increases aggregate borrowing capacity under the Amended Long-Term Facility from $2.5 billion to $3.0 billion, and the Administrative Agent received extension request consents from a majority of lenders (the “Extension Consent”), which extends the termination date of the Amended Long-Term Facility by one year, to May 17, 2022.

All other terms of the Amended Long-Term Facility remain unchanged.

The description of the Commitment Consent and Extension Consent in this Current Report on Form 8-K is qualified in its entirety by reference to the complete text of the Commitment Consent and Extension Consent, copies of which will be filed as exhibits to the Company’s quarterly report on Form 10-Q for the quarter endedSeptember30, 2017.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant.

The information regarding the Commitment Consent and Extension Consent provided under Item 2.03 above is hereby incorporated by reference.


About WHIRLPOOL CORPORATION (NYSE:WHR)

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia. The Company manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems. In the United States, it market and distribute products primarily under the Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Roper, Admiral, Affresh and Gladiator brand names primarily to retailers, distributors and builders.