Weatherford Announces Intention to Redeem $50 Million Principal Amount of 6.50% Senior Notes Due 2028
13 Ottobre 2023 - 2:30PM
Weatherford International plc (NASDAQ: WFRD) (“Weatherford,”
and, the “Company,” “we,” “us” and “our”) through its wholly owned
subsidiary, Weatherford International Ltd., today issued a notice
of redemption to redeem $50,000,000 aggregate principal amount
outstanding of its 6.50% Senior Notes due 2028 (the “2028 Notes”)
on October 23, 2023 (the “Redemption Date”) at a redemption price
of 103.00% of the principal amount, plus accrued and unpaid
interest to, but excluding, the Redemption Date.
Girish Saligram, President and Chief Executive
Officer of Weatherford, commented, “The additional partial
redemption of the 2028 Notes is another important step in our
capital structure improvement journey and further evidences our
commitment to act on our capital allocation priorities and improve
our operating profile.”
About Weatherford
Weatherford delivers innovative energy services
that integrate proven technologies with advanced digitalization to
create sustainable offerings for maximized value and return on
investment. Our world-class experts partner with customers to
optimize their resources and realize the full potential of their
assets. Operators choose us for strategic solutions that add
efficiency, flexibility, and responsibility to any energy
operation. The Company operates in approximately 75 countries and
has approximately 18,000 team members representing more than 110
nationalities and 340 operating locations. Visit weatherford.com
for more information and connect with us on social media.
Contact:Mohammed TopiwalaVice President,
Investor Relations and
M&Ainvestor.relations@weatherford.com
For Media:Kelley HughesSr. Director,
Communications & Employment Engagementmedia@weatherford.com
Forward-Looking Statements
This news release contains forward-looking
statements. that are based upon the current beliefs of
Weatherford’s management and are subject to significant risks,
assumptions, and uncertainties. These forward-looking statements
include, but are not limited to, statements regarding the
redemption on the 2028 Note. Should one or more of these risks or
uncertainties materialize, or underlying assumptions prove
incorrect, actual results may vary materially from those indicated
in our forward-looking statements.
These risks and uncertainties are more fully
described in Weatherford’s reports and registration statements
filed with the Securities and Exchange Commission, including the
risk factors described in Weatherford’s Annual Report on Form 10-K
and Quarterly Reports on Form 10-Q. Accordingly, you should not
place undue reliance on any of the Company’s forward-looking
statements. Any forward-looking statements speaks only as of the
date on which such statement is made, and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law, and we caution you not to
rely on them unduly.
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