WHIRLPOOL CORP /DE/

On May 1, 2026, the Company, Whirlpool Europe B.V., and Whirlpool Canada Holding Co. (collectively, the “Borrowers”), entered into Amendment No. 1 (the “Amendment”) to the Fifth Amended and Restated Long-Term Credit Agreement, dated as of May 3, 2022 (as amended, the “Credit Agreement”), among the Borrowers, the lenders party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as administrative agent.

The Amendment, among other things, removed the obligation for Whirlpool to maintain an interest coverage ratio of greater than or equal to 3.00 to 1.00 for the fiscal quarter ended March 31, 2026 and reduced the aggregate of the commitments of all Lenders thereunder from $3.5 billion to $2.25 billion. The Amendment also provides for an event of default under the Credit Agreement if the Borrowers fail to, among other things, repay all outstanding obligations and terminate all commitments to Lenders under the Credit Agreement prior to July 1, 2026.

As disclosed earlier, the Company is currently negotiating a senior secured asset-based revolving credit facility (the "ABL Facility") to replace the Credit Agreement, and expects to enter into the ABL Facility in the second quarter of 2026.

The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, a copy of which is filed as Exhibit 10.2 hereto and is incorporated herein by reference.