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Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Palermo SA > News item
Published on 8/28/2020 in the Prospect News Bank Loan Daily.

Weatherford terminates ABL facility, ups letter-of-credit-facility

By Wendy Van Sickle

Columbus, Ohio, Aug. 28 – Weatherford International Ltd. repaid and terminated its asset-based lending facility and increased its letter-of-credit facility by $50 million to $215 million using proceeds of an issuance of $500 million of new 8¾% senior secured first-lien notes due Sept. 1, 2024, according to a news release.

Weatherford is an oilfield services company based in Baar, Switzerland.


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