Whirlpool to sell up to 24% of Whirlpool India stake in 2024 for debt reduction

WHIRLPOOL CORP /DE/

Intends to sell up to 24% of its 75% ownership in Whirlpool India, retaining majority.
Proceeds to reduce debt, incremental to previously disclosed $500M term loan repayment in Q4 2023.
Company reaffirms full-year 2023 guidance is unaffected by this announcement.
India remains a key growth market; plans include new product launches and recently acquired Elica India.

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