Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Weatherford Prices $1.3 Bln Senior Notes Offering

Weatherford International Ltd., a Bermuda exempted company and a subsidiary of Weatherford International Ltd. (WFT: Quote), 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.

Click here to receive FREE breaking news email alerts for Weatherford International Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Poverty in Latin America and the Caribbean has been reduced by almost half in the last decade, and the middle class grew by 82 million people, from 21 percent of the population in 2000 to 34 percent in 2012, according to new data released by the United Nations Development Program (UNDP). UNDP's analysis, based on data from the Center for Distributive, Labor and Social Studies (CEDLAS), highlights German consumer sentiment is set to weaken in September for the first time since early 2013 as intensified geopolitical tensions are likely to shift the economy into lower gears. The forward-looking consumer confidence index fell to 8.6 from a revised score of 8.9 in August, a survey by the market research group GfK, based on responses from 2,000 households, showed Wednesday. U.S. stocks edged higher on Tuesday, with the S&P 500 posting its first-ever finish above the 2,000 mark as strong economic data and a flurry of merger news contributed to buying interest. Led by energy stocks, the S&P 500 rose 2.1 points, or 0.1%, to 2,000.02 after touching an intraday record just...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.