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Pisd

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Pisd

Re: Pisd post# 723

Tuesday, 06/18/2019 2:22:02 PM

Tuesday, June 18, 2019 2:22:02 PM

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Equivalent to $4-5 pps say, except debts restructured or wiped out; think goes over .06 from here easy.

Financial Restructuring Expected to be Implemented through "Pre-Packaged" Chapter 11 Process and Will Reduce Company's Long-Term Debt by More Than $5.8 billion

Proposed Restructuring Contemplates $1.75 Billion in New Financing and up to $1.25 billion in Additional Post-Emergence Financing

Weatherford Operations Are Continuing Without Interruption and With No Expected Impact on Customers, Vendors, Partners or Employees


https://www.weatherford.com/en/investor-relations/investor-news-and-events/investor-news/investor-news-article/?ItemID=600


Risky trade, admittedly.

gl






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