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Weatherford International Prices Upsized Bond Offering of $1.2 Billion

BY MT Newswires | CORPORATE | 09/23/25 04:43 AM EDT

04:43 AM EDT, 09/23/2025 (MT Newswires) -- Weatherford International (WFRD) said Monday its subsidiary has priced $1.2 billion in 6.75% senior notes due 2033, doubling the size from the originally planned $600 million.

The company said it plans to use the proceeds from the offering, set to close on Oct. 6, along with cash on hand, to help fund a now-upsized $1.3 billion tender offer for its 8.625% senior notes due 2030, and to cover related interest and transaction costs.

The tender offer depends on the completion of the new bond sale, but the bond sale does not depend on the tender offer closing, it added.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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