Core Viewpoint - Weatherford International plc has announced the pricing of $1,200 million aggregate principal amount of its 6.75% Senior Notes due 2033, which is a $600 million increase from the previously announced offering size [1] Group 1: 2033 Notes Offering - The 2033 Notes Offering is expected to close on October 6, 2025, subject to customary closing conditions [1] - The 2033 Notes have not been registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and non-U.S. persons [4] Group 2: Use of Proceeds - The net proceeds from the 2033 Notes Offering will be used to fund a tender offer for the 8.625% Senior Unsecured Notes due 2030, which has been upsized to $1,300 million [2] - The proceeds will also cover accrued and unpaid interest on the 2030 Notes and related transaction fees and expenses [2] Group 3: Tender Offer Conditions - The Tender Offer is conditioned on the consummation of the 2033 Notes Offering, while the 2033 Notes Offering is not conditioned on the Tender Offer [3]
Weatherford Announces Upsize and Pricing of $1,200 Million of Senior Notes due 2033