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WFRD - Weatherford Announces $550 Million Credit Facility with $300 Million Borrowing Capacity | Benzinga
Weatherford International plc
HOUSTON, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford," and, the "Company," "we," "us" and "our") announced a five-year credit facility that is effective today with aggregate commitments of $550 million. The facility is comprised of a $250 million tranche available for performance letters of credit and a $300 million tranche available as a cash revolver. There is also the optionality of a $200 million accordion based on satisfaction of ...