The appliance maker said higher interest expenses tied to its recent debt sale are weighing on earnings, underscoring how refinancing costs can pressure corporate profit guidance.
Whirlpool has lowered its full-year profit outlook, saying higher interest expenses linked to its recent $2 billion secured bond issuance are expected to weigh on results. The update points to the impact that borrowing costs can have on corporate earnings, particularly when companies raise debt in a higher-rate environment.