Weatherford International to repay revolver with funds from new notes

By Marisa Wong

Morgantown, W.Va., June 26 – Weatherford International plc plans to repay amounts outstanding under its revolving credit facility using proceeds from an offering of senior notes, according to a press release.

The company announced on Monday that it plans to issue $250 million of 9 7/8% senior notes 2024 through subsidiary Weatherford International Ltd.

The oilfield services company is based in Houston.

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