Whirlpool Prices Upsized Offerings Of 6,884,057 Common Shares At $69 And 10.5M Depositary Shares At $50 To Repay Debt

The net proceeds from the Common Stock Offering will be approximately $454.9 million (assuming the underwriters do not exercise the option to purchase additional shares of Common Stock) and the net proceeds from the Depositary Shares Offering will be approximately $508.1 million (assuming the underwriters do not exercise the over-allotment option to purchase additional Depositary Shares), in each case after deducting the applicable underwriting discount and estimated offering expenses payable by Whirlpool. Whirlpool intends to use the net proceeds from the Offerings to repay a portion of the amounts outstanding under the Company's revolving credit facility and for general corporate purposes, including strategic investments in vertical integration and automation.