Fitch Ratings has assigned a 'BBB' rating to Whirlpool Corporation's (NYSE: WHR) proposed offering of $800 million senior unsecured notes. The offering is expected to be comprised of 3-year notes, 5-year notes, and 10-year notes. These issues will be ranked on a pari passu basis with all other senior unsecured debt. WHR intends to use the proceeds from the notes offerings for general corporate purposes, including the repayment of $500 million of senior notes maturing in May 2014 and $100 million of senior notes maturing in August 2014. The Rating Outlook is Stable. A complete list of ratings follows at the end of this press release. KEY RATING DRIVERS WHR's ratings and Outlook reflect its...
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