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Weatherford launches $500m private offering

Oilfield services firm Weatherford today announced the launch of a private offering of $500million worth of senior notes. The Houston-headquartered firm, which has a base in Aberdeen, said it would use the funds to repay amounts outstanding under Weatherford Bermuda’s revolving credit facility.
Mark Lammey By Mark Lammey
15/11/2016, 2:28 pm Updated: 15/11/2016, 2:30 pm
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Oilfield services firm Weatherford today announced the launch of a private offering of $500million worth of senior notes.

The Houston-headquartered firm, which has a base in Aberdeen, said it would use the funds to repay amounts outstanding under Weatherford Bermuda’s revolving credit facility.

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