Whirlpool (NYSE: WHR) cuts Whirlpool India stake to about 40% to reduce debt

Rhea-AI Filing Summary

Whirlpool Corporation reported that its wholly owned subsidiary, Whirlpool Mauritius Limited, sold 14,255,000 equity shares of its publicly listed subsidiary Whirlpool of India Limited in an on-market trade on November 27, 2025. This transaction reduced Whirlpool’s ownership in Whirlpool India from 51% to approximately 40% and generated gross sales proceeds of about $166 million upon settlement on November 28, 2025.

The company states that it expects to use the cash proceeds to reduce debt, aligning with its ongoing balance sheet priorities. Whirlpool also reiterates that it continues to evaluate options to further reduce its equity stake in Whirlpool India in line with its previously stated goal of lowering this stake by the end of the first half of 2026, while cautioning that actual timing and use of proceeds may differ due to market and other factors.

Insights

Equity & Capital Structure Analyst

Whirlpool monetizes part of its India stake for $166M to pay down debt while signaling possible further reductions.

Whirlpool Corporation has sold 14,255,000 shares of Whirlpool of India Limited through an on-market trade, cutting its ownership from 51% to roughly 40%. The sale generated gross proceeds of about $166 million, which the company expects to apply toward debt reduction. This moves cash from an equity investment in India into balance sheet deleveraging at the parent level.

Management also indicates it is evaluating additional transactions to reduce its Whirlpool India stake in line with a prior goal to lower the holding by the end of the first half of 2026. However, the company emphasizes forward-looking uncertainty, noting that proceeds might be used differently and that further stake reductions could be delayed or may not occur depending on market conditions and other factors.

The event is meaningful for Whirlpool India’s ownership structure and shows ongoing portfolio and capital structure management at the group level, but the disclosed $166 million size appears modest relative to Whirlpool’s overall scale. How much additional stake, if any, is sold in subsequent transactions and the timing of those sales remain open and will depend on conditions described by the company.

WHIRLPOOL CORP /DE/ NYSE false 0000106640 0000106640 2025-11-27 2025-11-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): November 27, 2025

WHIRLPOOL CORPORATION

(Exact name of registrant as Specified in Charter)

Delaware		1-3932		38-1490038
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

2000 North M-63, Benton Harbor, Michigan		49022-2692
(Address of principal executive offices)		(Zip Code)

(269) 923-5000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common stock, par value $1.00 per share		WHR		New York Stock Exchange and NYSE Texas

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events

On November 27, 2025, Whirlpool Corporation’s (the “Company”) wholly-owned subsidiary, Whirlpool Mauritius Limited (“Seller”), executed the sale of 14,255,000 equity shares of the Company’s publicly listed Whirlpool of India Limited subsidiary (“Whirlpool India”) via an on-market trade. The transaction reduces Seller’s ownership in Whirlpool India from 51% to approximately 40%, and generated gross sales proceeds of approximately $166 million on settlement, which occurred on November 28, 2025. The Company continues to evaluate all transaction options to further reduce its equity stake in Whirlpool India in line with its prior-stated equity reduction goal by the end of the first half of 2026. The Company expects to use transaction proceeds to reduce debt.

Cautionary Statements Regarding Forward-looking Statements

Certain statements in this Current Report on Form 8-K relating to equity stake reduction timing and use of proceeds constitute “forward-looking statements” within the meaning of the federal securities laws. These statements reflect management’s current expectations regarding future events and speak only as of the date of this current report. There can be no guarantee that proceeds will be used in line with expectations or that further reductions in equity stake will occur. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees that any transaction will be consummated during the referenced time period or at all. Important factors that could cause actual results to differ materially from these expectations include, among other things, alternative uses for proceeds received, and delay or lack of implementation of further equity stake reductions based on market factors or other conditions. In addition to these risks, reference should also be made to the factors discussed under “Risk Factors” in Whirlpool Corporation’s periodic filings with the Securities and Exchange Commission. Although the forward-looking statements contained in this current report are based upon what are believed to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. These forward-looking statements are made as of the date of this current report and, except as expressly required by applicable law, Whirlpool Corporation assumes no obligation to update or revise them to reflect new events or circumstances.

Website Disclosure

We routinely post important information for investors on our website, whirlpoolcorp.com, in the “Investors” section. We also intend to update the Hot Topics Q&A portion of this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 28, 2025

		WHIRLPOOL CORPORATION
		By:		/s/ Scott J. Dorfman
		Name:		Scott J. Dorfman
		Title:		Assistant Corporate Secretary

FAQ

What transaction did Whirlpool Corporation (WHR) announce involving Whirlpool of India?

Whirlpool’s wholly owned subsidiary, Whirlpool Mauritius Limited, sold 14,255,000 equity shares of Whirlpool of India Limited via an on-market trade on November 27, 2025.

How did the sale affect Whirlpool Corporations ownership in Whirlpool of India?

Following the sale, Whirlpools ownership in Whirlpool of India Limited decreased from 51% to approximately 40%.

How much cash did Whirlpool Corporation receive from the Whirlpool India share sale?

The sale generated gross sales proceeds of approximately $166 million, with settlement occurring on November 28, 2025.

What does Whirlpool Corporation plan to do with the $166 million of proceeds?

Whirlpool states that it expects to use the transaction proceeds to reduce debt, supporting its capital structure priorities.

Does Whirlpool plan further reductions of its stake in Whirlpool of India?

Yes. The company says it is evaluating transaction options to further reduce its equity stake in Whirlpool India, aiming to meet a previously stated equity reduction goal by the end of the first half of 2026.

What risks or uncertainties did Whirlpool highlight about future stake reductions and use of proceeds?

Whirlpool notes that its statements on equity stake reduction timing and use of proceeds are forward-looking, and that actual outcomes may differ due to factors such as alternative uses for proceeds and potential delays or non-implementation of further stake reductions based on market or other conditions.

Where can investors find additional information about Whirlpool Corporations disclosures?

Whirlpool states that it routinely posts important investor information in the Investors section of its website, whirlpoolcorp.com, including a Hot Topics Q&A that it intends to use for material disclosures along with press releases, SEC reports, calls, presentations, and webcasts.