Weatherford International plc - Ordinary Shares - New

NASDAQ:WFRD  
26.72
+0.87 (+3.37%)
Debt Financing / Related

Weatherford Commences $500 Mln Senior Secured Notes Offering

Published: 09/20/2021 11:43 GMT
Weatherford International plc - Ordinary Shares - New (WFRD) - Weatherford International Plc Announces the Commencement of a $500,000,000 Senior Secured Notes Offering.
Weatherford - Secured Notes Will Be Guaranteed by Company and Same Subsidiaries of Company That Guarantee Issuer's 8.75% Senior Secured Notes Due 2024.
Weatherford - Intends to Use Net Proceeds From Offering and Cash on Hand to Redeem All of Its Outstanding 2024 Secured Notes & Pay Related Fees & Expenses.
Weatherford International Plc - Also Intends to Use Cash on Hand to Redeem $200 Million Principal Amount of Its 11.0% Senior Notes Due December 1, 2024.