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.
