Weatherford International Announces $600 Million Senior Notes Offering and $700 Million Tender Offer for Debt Repayment
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Weatherford International plc has announced a private offering of $600 million in senior notes due 2033. The proceeds will be used, along with cash on hand, to fund a cash tender offer for up to $700 million of its 8.625% Senior Unsecured Notes due 2030. This move is part of the company's strategy to manage its debt obligations, including paying interest on the 2030 Notes and covering related fees. The new notes will be offered to qualified institutional buyers and non-U.S. persons under specific regulatory exemptions.
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