Weatherford Prices Upsized Public Offering of $1.1 Billion of Exchangeable Senior Notes and Increases Aggregate Purchase Price of Cash Tender Offers

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Go back to Weatherford Prices Upsized Public Offering of $1.1 Billion of Exchangeable Senior Notes and Increases Aggregate Purchase Price of Cash Tender Offers

Weatherford (WFT) Debt Refinancing Removes Overhang and Should Increase Multiple - Nomura

June 2, 2016 7:12 AM EDT

Nomura analyst, Matthew Johnston, believes liquidity concerns swirling around Weatherford International (NYSE: WFT) have intensified over the last month. A weak free cash flow performance in 1Q exacerbated doubts with respect to inventory draw down, free cash flow targets, and, ultimately, WFTs ability... More