This board has been closed to posting. An alternative board can be found here:
Weatherford International Ltd.
Home > Boards > US OTC > Oil/Gas/Natural Energy Production >

Weatherford International Plc (wft)

wft RSS Feed
Add WFT Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 5/23/2019 2:40:35 PM - Followers: 0 - Board type: Free - Posts Today: 0

BAAR, Switzerland, May 17, 2019 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) ("Weatherford" or the "Company") announced today that additional holders of its senior notes have signed the restructuring support agreement (the "Restructuring Agreement") previously announced by the Company on May 10, 2019.  With the new signatories, over 74% of the Company's senior unsecured note holders are now parties to the Restructuring Agreement, an increase of approximately 12% following the Company's initial disclosure of the Restructuring Agreement last week. 

The proposed comprehensive financial restructuring contemplated by the Restructuring Agreement would significantly reduce the Company's long-term debt and related interest costs, provide access to additional financing, and establish a more sustainable capital structure.  The Company and noteholder parties to the Restructuring Agreement are in the process of negotiating definitive documentation relating to the transactions contemplated by the Restructuring Agreement, including commitments for debtor-in-possession financing facilities.


ABOUT WEATHERFORD

Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 80 countries and has a network of approximately 650 locations, including manufacturing, service, research and development and training facilities and employs approximately 26,000 people.

For more information, visit http://www.weatherford.com and connect with Weatherford on LinkedIn, Facebook, Twitter and YouTube.


 

wft
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
wft News: L'OCRCVM permet la reprise de la négociation - WFT 11/19/2020 08:53:00 AM
wft News: IIROC Trade Resumption - WFT 11/19/2020 08:49:00 AM
wft News: Suspension de la négociation par l'OCRCVM - WFT 11/19/2020 08:39:00 AM
wft News: IIROC Trading Halt - WFT 11/19/2020 08:37:00 AM
wft News: West Fraser to Acquire Norbord, Creating a Diversified Global Wood Products Leader 11/19/2020 08:30:00 AM
PostSubject
#3   Long process, gl ... Pisd 05/23/19 02:40:35 PM
#2   Didnt they go BK ch11 msiliezar 05/23/19 08:39:05 AM
#1   Bought some WFTIF .05's yesterday for chance... Pisd 05/22/19 03:39:14 PM
PostSubject
Consent Preferences