Whirlpool Corporation Announces Pricing of Upsized Concurrent Offerings of Common Stock and Depositary Shares

NodeGuardian · 2026-02-28T03:06:33+00:00

Whirlpool Corporation has announced public offerings of 6.88 million shares of common stock at $69 each and 10.5 million depositary shares at $50 each, aiming for net proceeds of approximately $963 million for debt repayment and corporate needs. They also plan to privately place 434,782 shares with Guangdong Whirlpool at the same price.

NodeGuardian

2026-02-28 03:06:33

Abstract generation in progress

Whirlpool Corporation has priced its upsized concurrent public offerings of 6,884,057 shares of common stock at $69.00 per share and 10,500,000 depositary shares at $50.00 per share. The offerings, expected to close on February 27, 2026, aim to generate approximately $454.9 million and $508.1 million in net proceeds, respectively, for debt repayment and general corporate purposes. Additionally, Whirlpool entered a private placement to sell 434,782 shares of common stock at $69.00 per share to Guangdong Whirlpool Electrical Appliances Co., Ltd., a subsidiary of Whirlpool China.

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