Form 8-K Weatherford Internationa For: Jun 01
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Weatherford (WFT) Prices Larger Aggregate $1.1B Exchangeable Senior Notes Offering
June 2, 2016 6:58 AM EDTWeatherford International plc (NYSE: WFT) announced the pricing of an upsized underwritten public offering (the "Offering") of $1.1 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 have an option for 30 days to purchase up to an additional $165 million aggregate principal amount of Notes. The Notes will pay interest at a rate of 5.875% per year and were priced at par. The Offering is expected to close June 7, 2016, subject to customary closing... More
