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Whirlpool Corporation announced the launch of public offerings for common stock and depositary shares to raise about $800 million. The offerings include shares of common stock and depositary shares representing a 1/20th interest in newly issued Series A Mandatory Convertible Preferred Stock.

The company will provide underwriters a 30-day option for additional shares. Proceeds will be used to repay part of the revolving credit facility and for strategic investments in vertical integration and automation. The Preferred Stock will convert to common shares around February 15, 2029.