Business
Weatherford Announces Tender Offer for up to $700 Million of Senior Notes due 2030
HOUSTON, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced a cash tender offer
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 a cash tender offer (the “Tender Offer”) to purchase for cash up to $700 million aggregate principal amount of its 8.625% Senior Notes due 2030 (the “2030 Notes”). The Tender Offer is made only by and pursuant to the terms of the Offer to Purchase, dated September 22, 2025 (as amended or supplemented from time to time, the “Offer to Purchase”). Certain information regarding the 2030 Notes and the terms of the Tender Offer is summarized in the table below. CUSIP NumbersOutstandingPrincipal AmountTender CapTitle of SecurityEarly Tender DeadlineTender Offer Consideration(1)(2)Early Tender Payment(1)Total Consideration(1)(2)(3)947075AU1 (Rule 144A); G9508CAE4 (Reg. S) $1,535,632,000 $700,000,000 8.625% Senior Notes due 2030October 3, 5:00 p.m., NYC time$993.90$30.00$1,023.90 (1) Per $1,000 principal amount of Notes accepted for purchase.(2) Excludes Accrued Interest, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable.(3) Includes the applicable Early Tender Payment. The Tender Offer is subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in the Offer to Purchase, including the consummation of the concurrently announced offering of senior notes on terms satisfactory to Weatherford in its sole discretion and certain other general conditions, in each case as described more fully in the Offer to Purchase. The Tender Offer is open to all registered holders of the 2030 Notes. Key Dates & Other Information The Tender Offer will expire at 5:00 p.m. Eastern Time on October 21, 2025 (such time and date, as the same may be extended, the “Expiration Date”). Tendered 2030 Notes may be withdrawn at any time prior to 5:00 p.m. Eastern Time on October 3, 2025 (subject to certain extensions as may be required by law). Holders of 2030 Notes must validly tender and not validly withdraw their 2030 Notes before the Expiration Date to be eligible to receive any consideration for their 2030 Notes.2030 Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m. Eastern Time, on October 3, 2025 (“Early Tender Deadline”) will be eligible to receive the Total Consideration, which includes the early tender payment se...