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Weatherford International PLC (WFT.N)

WFT.N on New York Stock Exchange

3.00USD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Weatherford Prices Private Offering Of $600 Million Of Senior Notes
Wednesday, 21 Feb 2018 05:03pm EST 

Feb 21 (Reuters) - Weatherford International Plc ::WEATHERFORD PRICES PRIVATE OFFERING OF $600 MILLION OF SENIOR NOTES.WEATHERFORD INTERNATIONAL - ANNOUNCED PRICING OF A PRIVATE OFFERING OF $600 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 9.875% SENIOR NOTES DUE 2025.  Full Article

Weatherford Prices Private Offering Of $600 Mln Of Senior Notes
Wednesday, 21 Feb 2018 04:48pm EST 

Feb 21 (Reuters) - Weatherford International Plc ::WEATHERFORD PRICES PRIVATE OFFERING OF $600 MILLION OF SENIOR NOTES.WEATHERFORD INTERNATIONAL SAYS PRICES PRIVATE OFFERING OF $600 MILLION OF 9.875% SENIOR NOTES DUE 2025 AT 99.34% OF PAR.  Full Article

Weatherford Announces Private Offering Of $600 Mln Of Senior Notes
Wednesday, 21 Feb 2018 07:46am EST 

Feb 21 (Reuters) - Weatherford International Plc ::WEATHERFORD ANNOUNCES PRIVATE OFFERING OF $600 MILLION OF SENIOR NOTES.ANNOUNCED LAUNCH OF PRIVATE OFFERING OF $600 MILLION SENIOR NOTES DUE 2025.PURPOSE OF OFFERING IS TO REPAY IN FULL CO'S 6.00 PCT SENIOR NOTES DUE MARCH 2018, FUND CONCURRENTLY ANNOUNCED TENDER OFFER.PURPOSE OF OFFERING ALSO TO PURCHASE FOR CASH ANY AND ALL OF CO'S 9.625 PCT SENIOR NOTES DUE 2019 AND FOR DEBT REPAYMENT.  Full Article

Superior Drilling Products Announces Joint Market Development Agreement With Weatherford
Tuesday, 19 Dec 2017 09:15am EST 

Dec 19 (Reuters) - Superior Drilling Products Inc ::SUPERIOR DRILLING PRODUCTS, INC. ANNOUNCES JOINT MARKET DEVELOPMENT AGREEMENT WITH WEATHERFORD.SUPERIOR DRILLING PRODUCTS -WEATHERFORD AND CO TO DEMONSTRATE DRILL-N-REAM CAPABILITIES WITH MIDDLE EAST OPERATORS IN SAUDI ARABIA, KUWAIT, OMAN.  Full Article

Weatherford International Says U.S. DoJ Has Cleared Proposed OneStim Joint Venture Between Weatherford And Schlumberger
Tuesday, 28 Nov 2017 05:59pm EST 

Nov 28 (Reuters) - Schlumberger NV ::WEATHERFORD INTERNATIONAL PLC - U.S. DEPARTMENT OF JUSTICE HAS CLEARED PROPOSED ONESTIM JOINT VENTURE BETWEEN WEATHERFORD AND SCHLUMBERGER LTD.  Full Article

Weatherford International Q3 loss per share $0.26
Wednesday, 1 Nov 2017 06:45am EDT 

Nov 1 (Reuters) - Weatherford International Plc :Weatherford reports third quarter 2017 results.Q3 revenue $1.46 billion versus I/B/E/S view $1.48 billion.Q3 loss per share $0.26.Q3 earnings per share view $-0.24 -- Thomson Reuters I/B/E/S.Weatherford International Plc - ‍specific actions to achieve $300 million in cost savings are already underway​.Weatherford International Plc - qtrly non-GAAP diluted net loss of $0.22 per share​.Weatherford International Plc - with negative free cash flow during quarter, co's "highest priority is free cash flow generation"​.Weatherford -‍sequentially, Q3 north america revenue up 13% due to higher U.S. Average land rig count, seasonal recovery from spring break-up in Canada​.Weatherford International - initiated transformation program targeting improvements in results of about $1 billion, with timeline of 18-24 mnths ‍​.  Full Article

Weatherford announces closing of registered exchange offer for previously issued 9.875 pct senior notes due 2024
Monday, 23 Oct 2017 04:10pm EDT 

Oct 23 (Reuters) - Weatherford International Plc ::Weatherford announces closing of registered exchange offer for previously issued 9.875% senior notes due 2024.  Full Article

Weatherford announces registered exchange offer for previously issued 9.875 pct senior notes due 2024
Friday, 22 Sep 2017 05:02pm EDT 

Sept 22 (Reuters) - Weatherford International Plc :Weatherford announces registered exchange offer for previously issued 9.875% senior notes due 2024.  Full Article

WEATHERFORD PRICES PRIVATE OFFERING OF $250 MILLION OF SENIOR NOTES
Monday, 26 Jun 2017 05:14pm EDT 

June 26 (Reuters) - Weatherford International Plc :WEATHERFORD PRICES PRIVATE OFFERING OF $250 MILLION OF SENIOR NOTES.PRICING OF A PRIVATE OFFERING OF AN ADDITIONAL $250 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 9.875% SENIOR NOTES DUE 2024.PRICING OF A PRIVATE OFFERING AT 101% OF PAR.  Full Article

Weatherford International in June identified an immaterial error, with no cash flow impact, of nearly $28 mln, net - SEC Filing
Monday, 26 Jun 2017 07:40am EDT 

June 26 (Reuters) - Weatherford International Plc :Weatherford International - In June 2017, company identified an immaterial error, with no cash flow impact, of approximately $28 million, net - SEC filing.Weatherford - Identified error related to recognition of revenue with a customer, Petróleos De Venezuela, S.A..Weatherford International Plc - Impact of correction will reduce accounts receivable by approximately $28 million as of June 30, 2017.Weatherford International says will correct immaterial error in quarterly report on form 10-Q for the three and six month periods ended June 30, 2017‍​.Weatherford - Immaterial error resulted in overstatement of both accounts receivable & revenue of about $22 million & $23 million, respectively, as of and for 2016.Weatherford says ‍beginning Q3 2016, time expected to collect revenue earned with pdvsa exceeds contractual payment terms, represents implied financing arrangement​.Weatherford - Correction to reduce revenue, increase interest income by about $31 million and $3 million, respectively, for three and six months ended June 30‍​.Weatherford - Error resulted in overstatement of both accounts receivable & revenue of about $6 million & $8 million, respectively, as of & for 3-mths ended March 31, 2017.Weatherford - Impact of error would have no impact on previously reported compliance with covenants under senior revolving & term loan credit facilities‍​.  Full Article

BRIEF-Superior Drilling Products Announces Joint Market Development Agreement With Weatherford

* SUPERIOR DRILLING PRODUCTS, INC. ANNOUNCES JOINT MARKET DEVELOPMENT AGREEMENT WITH WEATHERFORD