Weatherford International to sell senior notes possibly Wednesday

By Andrea Heisinger

Omaha, March 18 - Weatherford International Ltd. announced an offering of senior notes (Baa1/BBB+) Tuesday, with pricing expected Wednesday, a source close to the deal said.

Bookrunners are Goldman Sachs & Co., Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.

Co-managers are ABN Amro Securities, J.P. Morgan Securities Inc. and Simmons and Co. International.

Proceeds will be used to repay existing short-term debt and for general corporate purposes, including capital expenditures and business acquisitions.

The oilfield services equipment company is based in Houston.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.