debt
confidence high
sentiment positive
materiality 0.50
Weatherford to redeem $50M of 11.0% senior notes due Dec 2024 on Aug 10, 2022
Weatherford International plc
- Issued partial optional redemption of $50M principal of 11.0% senior notes due December 1, 2024.
- Redemption price set at 103% of principal plus accrued interest; redemption date August 10, 2022.
- CEO Saligram says redemption demonstrates commitment to improving capital structure and free cash flow generation.