Kirkland Represents Whirlpool on its First “Sustainability Bond”

Kirkland advised Whirlpool Corp. (NYSE: WHR), the world’s leading kitchen and laundry appliance company, on the completion of its $300 million 10-year inaugural “Sustainability Bond.” Whirlpool’s sustainability bond framework facilitates the company’s use of capital markets to finance environmental and social initiatives that align with its commitments. 

Read the Whirlpool press release

The Kirkland team was led by capital markets partners Bob Hayward and Michael Keeley and associate Katie White, and included ESG & impact partners Jennie Morawetz and Alex Farmer and associates Caitlin Meagher and Madeleine Foote, and tax partners Thad Davis and Ali Skaife and associate Weiwei Chen.  Moody’s predicts that the global issuance of green, social and sustainability bonds will hit a record of $650 billion in 2021, a 32% increase over 2020. Kirkland’s fully-integrated team is poised to help shape this growing market and continues to work on a number of similar cutting-edge transactions.