Whirlpool Corporation Announces Pricing for Public Offerings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy WHR?
Source: PRnewswire
- Public Offering Scale: Whirlpool Corporation announced the pricing of 6,884,057 shares of common stock at $69.00 per share, expected to raise approximately $454.9 million, indicating strong market demand and enhancing the company's capital structure.
- Preferred Stock Issuance: Concurrently, the company will issue 10,500,000 shares of 8.50% Series A Mandatory Convertible Preferred Stock at $50.00 per share, anticipated to raise about $508.1 million, aimed at funding future strategic investments.
- Private Placement Agreement: Whirlpool entered into a Common Stock Purchase Agreement with Guangdong Whirlpool Electrical Appliances Co., Ltd. for the sale of 434,782 shares at a total price of $30 million, subject to shareholder approval, reflecting the company's ongoing commitment to the Chinese market.
- Planned Use of Proceeds: The proceeds will be used to repay a portion of the revolving credit facility and for general corporate purposes, including strategic investments in vertical integration and automation, aimed at enhancing operational efficiency and market competitiveness.
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Analyst Views on WHR
Wall Street analysts forecast WHR stock price to fall
4 Analyst Rating
0 Buy
2 Hold
2 Sell
Moderate Sell
Current: 83.210
Low
51.00
Averages
64.50
High
78.00
Current: 83.210
Low
51.00
Averages
64.50
High
78.00
About WHR
Whirlpool Corporation is a home appliance company. The Company is a manufacturer of kitchen and laundry appliances. Its segments include Major Domestic Appliances (MDA) North America; MDA Latin America; MDA Asia, and Small Domestic Appliances (SDA) Global. The Company in the United States and Canada, market and distributes home appliances and other consumer products under the Whirlpool, KitchenAid, Maytag, Amana, InSinkErator, JennAir, affresh, Swash, everydrop, and Gladiator brand names to retailers, distributors, and builders, and directly to consumers. In Latin America, the Company produces, market and distributes primarily Consul, Brastemp, Whirlpool, KitchenAid, Acros, Maytag, and Eslabon de Lujo brand names. In Asia, the Company market primarily under the Whirlpool, Elica, Maytag, KitchenAid, and Indesit brand names. In SDA Global, the Company markets the appliances under the KitchenAid brand name to retailers, distributors, and to consumers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Whirlpool Corporation Announces Pricing for Public Offerings
- Public Offering Scale: Whirlpool Corporation announced the pricing of 6,884,057 shares of common stock at $69.00 per share, expected to raise approximately $454.9 million, indicating strong market demand and enhancing the company's capital structure.
- Preferred Stock Issuance: Concurrently, the company will issue 10,500,000 shares of 8.50% Series A Mandatory Convertible Preferred Stock at $50.00 per share, anticipated to raise about $508.1 million, aimed at funding future strategic investments.
- Private Placement Agreement: Whirlpool entered into a Common Stock Purchase Agreement with Guangdong Whirlpool Electrical Appliances Co., Ltd. for the sale of 434,782 shares at a total price of $30 million, subject to shareholder approval, reflecting the company's ongoing commitment to the Chinese market.
- Planned Use of Proceeds: The proceeds will be used to repay a portion of the revolving credit facility and for general corporate purposes, including strategic investments in vertical integration and automation, aimed at enhancing operational efficiency and market competitiveness.
See More
Whirlpool Corporation Prices Public Offerings of Shares
- Public Offering Details: Whirlpool Corporation priced its public offerings at $69 per share for 6.88 million common shares and $50 per depositary share for 10.5 million shares, expected to close on February 27, 2026, with net proceeds of approximately $454.9 million aimed at debt repayment and general corporate purposes.
- Preferred Stock Issuance: The newly issued 8.50% Series A Mandatory Convertible Preferred Stock has a $1,000 liquidation preference and will pay quarterly dividends starting May 15, 2026, converting into common shares by February 15, 2029, thereby enhancing the company's capital structure.
- Overallotment Option: The company granted underwriters a 30-day option to purchase up to 1.01 million common shares and 1 million depositary shares to cover overallotments, which is expected to improve market liquidity and investor confidence.
- Private Placement Agreement: Whirlpool entered into a stock purchase agreement with its subsidiary Guangdong Whirlpool Electrical Appliances Co., Ltd. to sell 434,782 common shares at $69 per share for total proceeds of $30 million, subject to shareholder approval, indicating strategic positioning in the Chinese market.
See More
Whirlpool Corporation Announces Pricing of Public Offerings
- Public Offering Pricing: Whirlpool Corporation announced the pricing of 6,884,057 shares of common stock at $69.00 per share, expected to raise approximately $454.9 million, alongside 10,500,000 depositary shares at $50.00 each, projected to generate about $508.1 million, indicating strong market demand for the company's offerings.
- Preferred Stock Details: The newly issued 8.50% Series A Mandatory Convertible Preferred Stock will start accruing dividends on May 15, 2026, and is set to automatically convert into common stock by February 15, 2029, enhancing investor confidence in the company's long-term returns.
- Private Placement Agreement: Whirlpool entered into a stock purchase agreement with Guangdong Whirlpool Electrical Appliances Co., Ltd. to sell 434,782 shares of common stock for a total of $30 million, pending approval from Whirlpool China's shareholders, reflecting the company's strategic positioning in the Chinese market.
- Use of Proceeds: Whirlpool intends to utilize the net proceeds from the offerings to repay a portion of its revolving credit facility and for general corporate purposes, including strategic investments in vertical integration and automation, aimed at enhancing operational efficiency and market competitiveness.
See More
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- Market Rebound: The S&P 500 index rose by 0.50%, the Dow Jones Industrial Average by 0.75%, and the Nasdaq 100 by 0.90%, indicating a gradual recovery after Monday's sharp declines, reflecting renewed investor confidence in economic prospects.
- Consumer Confidence Boost: The February consumer confidence index in the US increased by 2.2 to 91.2, surpassing expectations of 87.1, suggesting that rising consumer optimism could drive spending and positively impact economic growth.
- Strong Software Stock Recovery: Thomson Reuters shares surged by 12% after reaching one million professional users of its AI tool, indicating high market acceptance and potential for further revenue growth, enhancing its competitive position.
- Interest Rate Expectations Shift: The market is pricing in only a 3% chance of a 25 basis point rate cut at the Fed's March meeting, reflecting cautious investor sentiment regarding future monetary policy, which may influence short-term stock market volatility.
See More
Whirlpool Corporation Announces Pricing for Public Offerings
- Public Offering Scale: Whirlpool Corporation announced the pricing of 6,884,057 shares of common stock at $69.00 per share, expected to raise approximately $454.9 million, indicating strong market demand and enhancing the company's capital structure.
- Preferred Stock Issuance: Concurrently, the company will issue 10,500,000 shares of 8.50% Series A Mandatory Convertible Preferred Stock at $50.00 per share, anticipated to raise about $508.1 million, aimed at funding future strategic investments.
- Private Placement Agreement: Whirlpool entered into a Common Stock Purchase Agreement with Guangdong Whirlpool Electrical Appliances Co., Ltd. for the sale of 434,782 shares at a total price of $30 million, subject to shareholder approval, reflecting the company's ongoing commitment to the Chinese market.
- Planned Use of Proceeds: The proceeds will be used to repay a portion of the revolving credit facility and for general corporate purposes, including strategic investments in vertical integration and automation, aimed at enhancing operational efficiency and market competitiveness.
See More
Whirlpool Corporation Prices Public Offerings of Shares
- Public Offering Details: Whirlpool Corporation priced its public offerings at $69 per share for 6.88 million common shares and $50 per depositary share for 10.5 million shares, expected to close on February 27, 2026, with net proceeds of approximately $454.9 million aimed at debt repayment and general corporate purposes.
- Preferred Stock Issuance: The newly issued 8.50% Series A Mandatory Convertible Preferred Stock has a $1,000 liquidation preference and will pay quarterly dividends starting May 15, 2026, converting into common shares by February 15, 2029, thereby enhancing the company's capital structure.
- Overallotment Option: The company granted underwriters a 30-day option to purchase up to 1.01 million common shares and 1 million depositary shares to cover overallotments, which is expected to improve market liquidity and investor confidence.
- Private Placement Agreement: Whirlpool entered into a stock purchase agreement with its subsidiary Guangdong Whirlpool Electrical Appliances Co., Ltd. to sell 434,782 common shares at $69 per share for total proceeds of $30 million, subject to shareholder approval, indicating strategic positioning in the Chinese market.
See More
Whirlpool Corporation Announces Pricing of Public Offerings
- Public Offering Pricing: Whirlpool Corporation announced the pricing of 6,884,057 shares of common stock at $69.00 per share, expected to raise approximately $454.9 million, alongside 10,500,000 depositary shares at $50.00 each, projected to generate about $508.1 million, indicating strong market demand for the company's offerings.
- Preferred Stock Details: The newly issued 8.50% Series A Mandatory Convertible Preferred Stock will start accruing dividends on May 15, 2026, and is set to automatically convert into common stock by February 15, 2029, enhancing investor confidence in the company's long-term returns.
- Private Placement Agreement: Whirlpool entered into a stock purchase agreement with Guangdong Whirlpool Electrical Appliances Co., Ltd. to sell 434,782 shares of common stock for a total of $30 million, pending approval from Whirlpool China's shareholders, reflecting the company's strategic positioning in the Chinese market.
- Use of Proceeds: Whirlpool intends to utilize the net proceeds from the offerings to repay a portion of its revolving credit facility and for general corporate purposes, including strategic investments in vertical integration and automation, aimed at enhancing operational efficiency and market competitiveness.
See More
US Stocks Rebound Led by Software and Chipmakers
- Market Rebound: The S&P 500 Index rose by 0.77%, the Dow Jones Industrial Average increased by 0.76%, and the Nasdaq 100 Index climbed by 1.09%, indicating a recovery after Monday's sharp declines, reflecting investor optimism regarding economic data.
- Software and Chip Stocks Surge: Following AI startup Anthropic PBC's emphasis on partnerships, software and chip manufacturers saw significant stock price increases, indicating growing market confidence in the integration of AI technologies, which could enhance their competitive positioning.
- Consumer Confidence Boost: The US February consumer confidence index rose by 2.2 to 91.2, surpassing expectations of 87.1, suggesting increased consumer optimism about the economic outlook, which may lead to higher consumer spending and positively impact economic growth.
- Interest Rates and Economic Data Focus: The market is discounting only a 2% chance of a rate cut at the Fed's March 17-18 meeting, indicating cautious investor sentiment regarding future monetary policy, while closely monitoring upcoming corporate earnings and economic data releases.
See More
Analysis of Stock Price Movements for Multiple Companies
- Dillard's Revenue Decline: Dillard's reported fourth-quarter revenue of $1.99 billion, falling short of the $2.03 billion expected by analysts, leading to a 7% drop in shares, primarily due to winter storms impacting over a third of its stores, highlighting the significant effect of seasonal weather on retail performance.
- Planet Fitness Weak Guidance: Planet Fitness anticipates full-year adjusted earnings per share growth of only 9% to 10%, well below the 16.5% expected by analysts, resulting in an 8% decline in shares, reflecting market concerns over its future growth potential.
- Novo Nordisk Price Reduction Strategy: Novo Nordisk announced it would cut monthly list prices for Wegovy and Ozempic by up to 50%, causing a 2% drop in shares, which may impact its market share and profit margins amid increasing competition.
- Vir Biotechnology Stock Surge: Vir Biotechnology's shares surged nearly 30% following positive Phase 1 results for its VIR-5500 treatment for metastatic prostate cancer, indicating strong potential for its research and an increase in market confidence.
See More
US Stocks Rebound Led by Software and Chipmakers
- Market Rebound: The S&P 500 index rose by 0.50%, the Dow Jones Industrial Average by 0.75%, and the Nasdaq 100 by 0.90%, indicating a gradual recovery after Monday's sharp declines, reflecting renewed investor confidence in economic prospects.
- Consumer Confidence Boost: The February consumer confidence index in the US increased by 2.2 to 91.2, surpassing expectations of 87.1, suggesting that rising consumer optimism could drive spending and positively impact economic growth.
- Strong Software Stock Recovery: Thomson Reuters shares surged by 12% after reaching one million professional users of its AI tool, indicating high market acceptance and potential for further revenue growth, enhancing its competitive position.
- Interest Rate Expectations Shift: The market is pricing in only a 3% chance of a 25 basis point rate cut at the Fed's March meeting, reflecting cautious investor sentiment regarding future monetary policy, which may influence short-term stock market volatility.
See More
