Weatherford Announces Tender Offer for up to $700 Million of Senior Notes due 2030

Core Viewpoint - Weatherford International plc has announced a cash tender offer to purchase up to $700 million of its 8.625% Senior Notes due 2030, indicating a strategic move to manage its debt obligations and optimize its capital structure [1][4]. Summary by Relevant Sections Tender Offer Details - The tender offer is for a total of $700 million of the 8.625% Senior Notes, which have an outstanding principal amount of $1,535.632 million [2]. - The early tender deadline is set for October 3, 2025, with the total consideration for each $1,000 in principal amount of notes being $1,023.90, which includes an early tender payment of $30.00 [2][7]. - The tender offer will expire at 5:00 p.m. Eastern Time on October 21, 2025 [7]. Conditions and Procedures - The tender offer is subject to certain conditions, including the successful completion of a concurrent offering of senior notes [4]. - Holders of the 2030 Notes must validly tender their notes before the expiration date to receive any consideration [7]. - Accrued interest will be paid in addition to the tender offer consideration [3]. Contact Information - Wells Fargo Securities LLC is acting as the dealer manager for the tender offer, and inquiries can be directed to them for further information [6]. - D.F. King & Co., Inc. serves as the information agent and tender agent for the tender offer, providing copies of the Offer to Purchase [8].