Weatherford restructuring support, backstop deal deadlines extended

By Caroline Salls

Pittsburgh, Dec. 6 – Weatherford International plc’s restructuring support agreement outside date was extended to Dec. 13 from Dec. 6, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company said a supermajority of the noteholders who are parties to the agreement consented to the extension.

The requisite parties to Weatherford’s backstop commitment agreement also consented to an extension of the outside date for that agreement to Dec. 13 from Dec. 6, the 8-K said.

Weatherford is an oilfield services company based in Baar, Switzerland. The company filed bankruptcy on July 1 under Chapter 11 case number 19-33694.

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