debt
confidence high
sentiment neutral
materiality 0.75
Weatherford International plc (WFRD): debt financing — Weatherford issues $1.2B 6.75% senior notes due 2033 to fund tender offer for 8.625% notes
Weatherford International plc
- Issued $1.2B aggregate principal of 6.750% Senior Notes due 2033 at 100% of par.
- Interest payable semiannually on April 15 and October 15, commencing April 15, 2026.
- Proceeds, plus cash on hand, to fund tender offer for up to $1.3B of 8.625% Senior Notes due 2030.
- Notes are senior unsecured obligations guaranteed by Weatherford and certain restricted subsidiaries.
- Indenture contains customary covenants, change-of-control repurchase rights, and events of default.