Whirlpool Corporation Issues Inaugural Sustainability Bond to Support Environmental and Social Initiatives
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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."