Whirlpool Raises Nearly $1 Billion in Capital, Moves Ahead With Strategic Balance Sheet Reset

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Whirlpool Corporation has announced it has priced nearly $1 billion in new stock offerings to strengthen its balance sheet and position the company for long-term growth in the Americas. The company is raising approximately $963 million through the sale of newly issued common stock and a new series of preferred shares that will automatically convert into common stock in 2029.

Why it matters

Whirlpool generates roughly 90% of its revenue in the Americas, and with tariff uncertainty and global supply chain shifts continuing to impact manufacturing economics, the company appears focused on reducing reliance on debt, investing more heavily in regional manufacturing, improving cost control through automation, and solidifying its position as the only major U.S.-based manufacturer of kitchen and laundry appliances.

The details

The offerings include about $455 million from the sale of newly issued common stock at $69 per share, and about $508 million from a new series of preferred shares that will pay an 8.5% dividend and automatically convert into common stock in 2029. The company said proceeds will go toward reducing outstanding borrowings and supporting general corporate purposes, including strategic manufacturing investments.

• The offerings are expected to close on February 27, 2026.

What’s next

The company's strategic recapitalization plan is aimed at strengthening Whirlpool's financial footing and positioning it for long-term growth in the Americas.