Weatherford Announces Redemption of 8.625% Senior Notes Due 2030
Weatherford announced it will redeem all $236 million aggregate principal amount of its 8.625% Senior Notes due 2030 at 100% of principal, plus accrued and unpaid interest. The redemption will be funded with cash on hand.
Why it matters — WFRD watchers may note the planned retirement of the notes and the use of cash on hand to fund the redemption.