Weatherford Announces Public Offering of $1.0 Billion Exchangeable Senior Notes
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Weatherford (WFT) Declines After Announcing Offering of $1B Exchangeable Senior Notes
June 1, 2016 4:59 PM EDTWeatherford (NYSE: WFT) declined Wednesday post-market after announcing a $1 billion offering of exchangeable senior notes.
Press release:
Weatherford International plc (NYSE: WFT) (the "Company" or "Weatherford") announced today the launch of an underwritten public offering (the "Offering") of $1.0 billion aggregate principal amount of exchangeable senior notes due 2021 (the "Notes") by Weatherford International Ltd., a Bermuda exempted company and indirect, wholly owned subsidiary of the Company ("Weatherford Bermuda"). The underwriters will also have an option for 30 days to purchase up to an additional $150 million aggregate... More
