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Whirlpool Corporation Announces Pricing of Upsized Concurrent Offerings of Common Stock and Depositary Shares
Whirlpool Corporation [NYSE: WHR] ("Whirlpool" or the "Company") announced today the pricing of its previously announced separate underwritten public offerings of (i) 6,884,057 shares of common stock, par value $1.00 per share ("Common Stock"), at a public offering price of $69.00 per share (the "Common Stock Offering") and (ii) 10,500,000 depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued 8.50% Series A Mandatory Convertible Preferred Stock,
About this update from Whirlpool Corporation
[{"type":"text","content":"BENTON HARBOR, Mich., Feb. 25, 2026 /PRNewswire/ -- Whirlpool Corporation [NYSE: WHR] ("Whirlpool" or the "Company") announced today the pricing of its previously announced separate underwritten public offerings of (i) 6,884,057 shares of common stock, par value $1.00 per share ("Common Stock"), at a public offering price of $69.00 per share (the "Common Stock Offering") and (ii) 10,500,000 depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued 8.50% Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock"), at a public offering price of $50.00 per Depositary Share (the "Depositary Shares Offering" and, together, the "Offerings"). Whirlpool has granted the underwriters in each respective offering a 30-day option to purchase up to an additional (i) 1,014,493 shares of Common Stock and (ii) 1,000,000 Depositary Shares, solely to cover over-allotments, if any, in each case at the public offering price less the applicable underwriting discount. The Offerings are expected to close on February 27, 2026, subject to customary closing conditions.","length":1223,"tagName":"p"},{"type":"image","alt":"Whirlpool Corporation (PRNewsFoto/Whirlpool Corporation)","displaySize":"","headline":null,"caption":"Whirlpool Corporation (PRNewsFoto/Whirlpool Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":134,"url":"https://media.zenfs.com/en/prnewswire.com/e5e83a55ee91c5c072556bafb60ddb3a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vVyjH.vdWDjtC41Izd00Nw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIzNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e5e83a55ee91c5c072556bafb60ddb3a","width":400,"height":134}},"href":"https://mma.prnewswire.com/media/459726/whirlpool_corporation_logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"On February 24, 2026, the Company entered into a Common Stock Purchase Agreement (the "Purchase Agreement") with Guangdong Whirlpool Electrical Appliances Co., Ltd. (the "Buyer") for the sale of an aggregate of 434,782 shares of the Company's Common Stock at a price per share of $69.00, for an aggregate purchase price of $30 million. The sale was done in a...