FONT-SIZE Plus   Neg

Weatherford Prices $1.3 Bln Senior Notes Offering

Weatherford International Ltd., a Bermuda exempted company and a subsidiary of Weatherford International Ltd. (WFT), a Swiss joint-stock corporation, on Friday announced the pricing of the offering by Weatherford Bermuda of $750 million aggregate principal amount of 4.50% Senior Notes due 2022 at a public offering price of 99.855% and $550 million aggregate principal amount of 5.95% Senior Notes due 2042 at a public offering price of 99.291%.

The offering is expected to close on April 4.

The net proceeds from the offering will be used to repay existing short-term debt and for general corporate purposes. Until the net proceeds are used for such purposes, the net proceeds may be invested in short-term liquid investments.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After helping to co-found the hook-up app Tinder, Whitney Wolfe has moved on to another dating venture, which is starting to get some media traction. A new profile published by the BBC details her new start-up, Bumble, an app focused on providing a female-friendly experience. Not satisfied taking on the "Wolf Of Wall Street," Leonardo DiCaprio is reportedly taking a look at another story of massive corporate malfeasance. According to the Hollywood Reporter, the actor is taking steps toward a movie about the Volkswagen emissions scandal. Large U.S. companies are holding trillions of dollars overseas in an effort to avoid U.S. taxes, with big-name firms like Apple (AAPL), Pfizer (PFE) and PepsiCo (PEP) named as notable examples. This is the claim made by a pair of non-profit groups, who released a study based on the firms' financial statements.
comments powered by Disqus
Trade WFT now with 
Follow RTT