Item 8.01. Other Events
On July 5, 2022, Welbilt, Inc. (the "Company") elected to redeem all of its
outstanding 9.500% Senior Notes due 2024 (the "Notes") pursuant to a notice of
conditional redemption under the indenture governing the Notes. The redemption,
which is expected to take place on August 4, 2022, is conditioned upon the
consummation of the acquisition of the Company pursuant to the Agreement and
Plan of Merger, dated July 14, 2021, among the Company, Ali Holding S.r.l., an
Italian società a responsabilità limitata ("Ali"), Ali Group North America
Corporation, a Delaware corporation and a wholly owned subsidiary of Ali
("Acquiror"), and Ascend Merger Corp., a Delaware corporation and a wholly owned
subsidiary of Acquiror. There can be no assurances as to when or if such
condition will be satisfied.
Information included herein contains "forward-looking statements" within the
meaning of the federal securities laws. Such statements are inherently subject
to risks and uncertainties, many of which cannot be predicted with accuracy and
some of which might not even be anticipated. Future events and actual events,
financial and otherwise, may differ materially from the events and results
discussed in the forward-looking statements. The reader is directed to the
Company's various filings with the Securities and Exchange Commission, including
the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, for
a discussion of such risks and uncertainties.
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WELBILT, INC. 
