secwatch.observer — SEC 8-K summary
======================================

Issuer:     WHIRLPOOL CORP /DE/ (WHR)
CIK:        0000106640
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001193125-26-082849
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whirlpool completes upsized $1.12B equity recapitalization, repays revolver
---------------------------------------------------------------------------

- Upsized common stock offering of 6,884,057 shares at $69/sh (plus 1,014,493 overallotment) raised ~$545M gross.
- Upsized depositary shares offering of 10,500,000 units at $50/sh (plus 1,000,000 overallotment) raised ~$575M gross; preferred stock carries 8.50% dividend.
- Total gross proceeds ~$1.12B used to repay revolving credit facility and for strategic investments in automation and vertical integration.
- Preferred stock automatically converts into 12.3340–14.4920 common shares per share (0.6167–0.7246 per depositary share) on Feb 15, 2029 unless earlier converted.
- Separate $30M private placement of 434,782 common shares at $69/sh to Guangdong Whirlpool Electrical Appliances, subject to approvals, expected close July 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106640/000119312526082849/0001193125-26-082849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106640/000119312526082849/d116941d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-082849

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer