Weatherford (WFT) Weakness Said Tied to Covenant Concerns
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Weatherford (WFT) Shares Tick Higher Upon Resumption
November 1, 2016 12:46 PM EDTWeatherford (NYSE: WFT) shares resume trading. The stock is ticking higher at the restart.
... MoreWeatherford (WFT) Confirms Ability to Meet All Debt Covenants at End of 2016
November 1, 2016 12:32 PM EDTAs of September 30, 2016 Weatherford International plc (NYSE: WFT) revolving and term loan credit facility covenant calculations are as follows:
Specified Senior Leverage Ratio of 1.94x (versus a maximum ratio of 3.0x)Specified Senior Leverage and Letters of Credit... MoreUPDATE: Weatherford (WFT) Trading Halted with News Pending; Analyst Notes Tightening Debt Levels
November 1, 2016 12:14 PM EDT(Updated - November 1, 2016 12:20 PM EDT)
Weatherford (NYSE: WFT) trading halted with news pending.
UPDATE - Wolfe Research said earlier today that Weatherford may need to conduct an equity raise and possibly divest assets.
In a note dated for yesterday, analyst Chase... More
