Weatherford Announces Private Offering of $600 Million of Senior Notes due 2033

Core Viewpoint - Weatherford International plc is initiating a private placement of $600 million in senior notes due 2033 while concurrently launching a cash tender offer to purchase up to $700 million of its 8.625% Senior Unsecured Notes due 2030 [1][2]. Group 1: 2033 Notes Offering - Weatherford Bermuda intends to offer $600 million in aggregate principal amount of senior notes due 2033 [1]. - The 2033 Notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers and non-U.S. persons [3]. Group 2: Tender Offer - The company has commenced a cash tender offer to purchase up to $700 million of its 8.625% Senior Unsecured Notes due 2030 [2]. - The net proceeds from the 2033 Notes Offering and cash on hand will be used to fund the Tender Offer, pay accrued interest on the 2030 Notes, and cover related transaction fees [2]. Group 3: Company Overview - Weatherford provides innovative energy services that integrate proven technologies with advanced digitalization, operating in approximately 75 countries with around 17,300 team members [5].