Business
Weatherford Announces Private Offering of $600 Million of Senior Notes due 2033
HOUSTON, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that Weatherford
About this update from Weatherford International Plc
[{"type":"text","content":"HOUSTON, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that Weatherford International Ltd., a Bermuda exempted company and wholly owned subsidiary of Weatherford (“Weatherford Bermuda”) intends, subject to market and other conditions, to offer and sell (the “2033 Notes Offering”) in a private placement to eligible purchasers $600 million in aggregate principal amount of senior notes due 2033 (the “2033 Notes”). Concurrently with the 2033 Notes Offering, the Company has commenced a cash tender offer (the “Tender Offer”) to purchase up to $700 million aggregate principal amount of its 8.625% Senior Unsecured Notes due 2030 (the “2030 Notes”). Weatherford Bermuda intends to use the net proceeds from the 2033 Notes Offering and cash on hand to fund the Tender Offer, pay accrued and unpaid interest on the 2030 Notes, as well as pay related transaction fees and expenses. The terms and conditions of the Tender Offer are described in an Offer to Purchase dated September 22, 2025 (as amended or supplemented from time to time, the “Offer to Purchase”). The Tender Offer is made only by and pursuant to the terms of the Offer to Purchase. The 2033 Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. The 2033 Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. This press release does not and shall not constitute an offer to sell or a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. The offering of 2033 Notes may be made only by means of an offering memorandum. This press release also does not constitute an offer to purchase or the solicitation of an offer to sel...