Weatherford International plc (WFRD) announced on Monday that its subsidiary, Weatherford International Ltd., a Bermuda-exempted company, plans to offer $600 million in senior notes due 2033.
Weatherford Bermuda plans to use the net proceeds from the offering to fund its concurrently announced Tender Offer to repurchase up to $700 million of its 8.625% Senior Notes due 2030.
The total consideration for the Tender Offer is $1,023.90 per $1,000 of notes, which includes $993.90 plus a $30 early tender payment.
The Tender Offer will expire on October 21, 2025.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.