Weatherford International Announces $1.2 Billion Senior Notes Offering to Refinance Debt and Fund Tender Offer
**Weatherford International Announces $1.2 Billion Senior Notes Offering to Refinance Debt** Weatherford International plc announced that its wholly owned subsidiary, Weatherford International Ltd., has completed the issuance of $1.2 billion in aggregate principal amount of 6.750% Senior Notes due 2033. The offering, completed on October 6, 2025, was made to qualified institutional buyers and investors outside the United States under Rule 144A and Regulation S of the Securities Act. The company intends to use the proceeds from this financing, along with cash on hand, to fund a previously announced tender offer for up to $1.3 billion of its outstanding 8.625% Senior Unsecured Notes due 2030, as well as to pay accrued interest, transaction fees, and related expenses. The new notes are senior unsecured obligations of the issuer and are guaranteed by Weatherford International plc and certain of its restricted subsidiaries. Interest on the notes will be paid semi-annually, with the first payment due on April 15, 2026, and the notes will mature on October 15, 2033. The transaction is designed to strengthen Weatherford's balance sheet by refinancing higher-cost debt and extending its debt maturity profile.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Weatherford International plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001603923-25-000151), on October 06, 2025, and is solely responsible for the information contained therein.
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