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Weatherford Announces Third-Quarter 2025 Conference Call
Globenewswire· 2025-09-24 20:30
Core Points - Weatherford International plc will host a conference call on October 22, 2025, to discuss its third-quarter results for the period ending September 30, 2025 [1] - The conference call will begin at 8:30 a.m. Eastern Time [2] - A press release with the results and presentation slides will be available on the Weatherford investor relations website prior to the call [2] Participation Details - Listeners can join the conference call via a live webcast or by dialing in using provided numbers [3] - Participants are advised to log in or dial in approximately 10 minutes before the call starts [3] - A telephonic replay of the conference call will be available until November 5, 2025 [4] Company Overview - Weatherford provides innovative energy services that combine proven technologies with advanced digitalization [5] - The company operates in approximately 75 countries with around 17,300 employees from over 110 nationalities [5] - Weatherford focuses on optimizing resources and maximizing asset potential for its customers [5]
Weatherford Announces Increase to Previously Announced Tender Offer for its 8.625% Senior Notes due 2030
Globenewswire· 2025-09-22 21:56
Core Viewpoint - Weatherford International plc has announced an upsized cash tender offer for its 8.625% Senior Notes due 2030, increasing the total amount to $1,300 million [1][3]. Summary by Sections Tender Offer Details - The tender offer is for the 8.625% Senior Notes due 2030, with an aggregate principal amount of $1,300 million available for purchase [1][2]. - The early tender deadline is set for October 3, 2025, at 5:00 p.m. NYC time, with a purchase price of $1,023.90 per $1,000 principal amount of notes tendered, including an early tender payment of $30.00 [4]. - Notes tendered after the early tender deadline but before the expiration time on October 21, 2025, will receive a purchase price of $993.90 per $1,000 principal amount [4]. Conditions and Management - The tender offer is subject to certain conditions, including the successful completion of a concurrent offering of senior notes [3][5]. - The offer is not conditioned on a minimum amount of notes being tendered, and the company reserves the right to amend, extend, or terminate the offer at its discretion [5]. 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 offer, providing copies of the Offer to Purchase [8].
Weatherford Announces Private Offering of $600 Million of Senior Notes due 2033
Globenewswire· 2025-09-22 12:18
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].