Willkie Farr & Gallagher LLP
03/04/2026 | News release | Distributed by Public on 03/04/2026 16:21
Willkie Represents Underwriters in Whirlpool Corporation’s $1.12 Billion Concurrent Public Offerings of Common Stock and Depositary Shares
Willkie Represents Underwriters in Whirlpool Corporation's $1.12 Billion Concurrent Public Offerings of Common Stock and Depositary Shares
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March 4, 2026
Willkie advised the underwriters in connection with Whirlpool Corporation's ("Whirlpool") concurrent registered offerings valued at approximately $1.12 billion in aggregate gross proceeds.
The offerings consisted of: 7,898,550 shares of common stock, including 1,014,493 shares sold upon full exercise of the underwriters' green shoe option; and 11,500,000 depositary shares, including 1,000,000 depositary shares sold upon full exercise of the underwriters' green shoe option, each representing a 1/20th interest in a share of Whirlpool's 8.50% Series A Mandatory Convertible Preferred Stock.
Willkie also acted as placement agent's counsel in connection with a concurrent private placement of 434,782 shares of the Whirlpool's common stock for an aggregate purchase price of $30 million.
The Willkie team was led by Co-Chair of the Capital Markets practice Eddie Best and partner John Ablan, and included associates M. Scott Greenberg and Emily Oh. Counsel Catherine Harrington and Martin Miller provided advice relating to tax and FINRA matters, respectively.
M. Scott Greenberg Associate Corporate & Financial Services
New York [email protected] +1 212 728 3771
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Willkie Farr & Gallagher LLP published this content on March 04, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 04, 2026 at 22:21 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]