Weatherford prices $1.2B 6.75% Senior Notes due 2033; launches $1.3B tender for 8.625% notes

Weatherford International plc

Priced $1.2B of 6.75% Senior Notes due 2033, up from initially announced $600M; closing expected Oct 6, 2025.
Tender offer for up to $1.3B (upsized from $700M) of 8.625% Senior Notes due 2030; early tender deadline Oct 3, 2025.
Total consideration per $1,000 principal is $1,023.90 (including $30 early tender payment) plus accrued interest.
Credit agreement amended: revolver/LC facility raised from $720M to $1B; maturity extended to Sep 18, 2030.
Net proceeds plus cash on hand will fund tender, pay accrued interest and transaction expenses.

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