Weatherford International reduces revolver commitment to $1.2 billion

By Wendy Van Sickle

Columbus, Ohio, April 17 – Weatherford International plc amended its amended and restated credit agreement with JPMorgan Chase Bank, NA as administrative agent on Monday to reduce total revolving commitments to $1.199 billion from $1.38 billion, according to an 8-K filing with the Securities and Exchange Commission.

The company also amended the credit agreement and its term loan agreement with JPMorgan as administrative agent to modify each agreement’s definition of consolidated adjusted EBITDA.

Weatherford is a Baar, Switzerland-based oilfield services company.

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