Weatherford plans to redeem final $81.5 million 6½% notes due 2028

By Wendy Van Sickle

Columbus, Ohio, April 23 – Weatherford International plc expects to redeem the remaining $81,502,600 principal amount outstanding of its 6½% senior notes due 2028 before the end of May, the company said in a news release.

The company also announced a $130 million increase to its credit facility, bringing the total facility to $680 million.

Weatherford is an oilfield services company with headquarters in Houston.

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