Weatherford International plc (WFRD): debt financing — Weatherford increases revolving credit facility by $30M to $400M, adds Canadian borrower

Weatherford International plc

Added Weatherford Canada Ltd. as a borrower under the credit agreement on Nov 22, 2022.
Increased revolving credit facility from $370M to $400M via $30M incremental commitment from new lender ATB Financial.
Amendment includes Canadian Dollar letter of credit mechanics and CDOR rate provisions.
Existing terms otherwise unchanged; reaffirmed representations and warranties.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Weatherford International plc incurred revolving credit of $30 million incremental increase.

Instrument: revolving credit
Principal: $30 million incremental increase
Event: incurrence

Exact text from the filing

On November 22, 2022, the Borrowers and the Company exercised a $30 million incremental increase (the “Commitment Increase”) to the Borrowers’ revolving credit facility (resulting in an aggregate credit facility size of $400 million) by entering into an additional lender supplement to the Amended and Restated Credit Agreement (the “Lender Joinder Agreement”) with an additional lender and the Administrative Agent

View on SEC.gov

Browse all debt financings →

Weatherford International plc filing history →

Source: SEC EDGAR

accession 0001104659-22-122402

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.