- Weatherford International ( NASDAQ: WFRD ) has announced plans to redeem $125M principal amount of its 11.0% senior notes due December 1, 2024.
- The notes will be redeemed on Nov 17, 2022.
- CEO Girish Saligram said, "Our focus on free cash flow generation, coupled with the announcement of our revolving credit facility, allows us to take another important and significant step towards improving our capital structure efficiency. With this paydown, we will generate $13.8 million in annualized interest savings, further enhancing our Free Cash Flow profile in 2023 and beyond."
For further details see:
Weatherford to redeem $125M senior notes due 2024