Weatherford Announces Expansion of Credit Facility to $1 Billion

Core Insights - Weatherford International plc has increased its credit facility by $280 million, bringing total commitments to $1 billion, enhancing financial flexibility and supporting long-term strategic initiatives [1][2] Financial Summary - The credit facility now includes a $600 million revolver tranche and $400 million for performance letters of credit, with the potential to expand lender commitments to $1.15 billion [1] - The maturity of the facility has been extended from 2028 to 2030, resulting in pro forma liquidity of $1.5 billion as of June 2025 [1] Management Commentary - The CEO emphasized that the expansion of the credit facility strengthens Weatherford's financial foundation, allowing the company to pursue long-term objectives with confidence [2] - The achievement is attributed to a strong balance sheet and operational performance, enhancing the company's ability to invest and innovate [2] Company Overview - Weatherford provides innovative energy services that combine proven technologies with advanced digitalization, operating in approximately 75 countries with around 17,300 team members [3]