{"id":1015758,"date":"2026-10-30T08:41:32","date_gmt":"2026-10-30T12:41:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\/"},"modified":"2026-10-30T08:41:32","modified_gmt":"2026-10-30T12:41:32","slug":"weatherford-announces-redemption-of-8-625-senior-notes-due-2030","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\/","title":{"rendered":"Weatherford Announces Redemption of 8.625% Senior Notes Due 2030"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HOUSTON, Oct.  30, 2026  (GLOBE NEWSWIRE) &#8212; Weatherford International plc (NASDAQ: WFRD) (\u201cWeatherford\u201d or the \u201cCompany\u201d) today announced the redemption of all $236 million aggregate principal amount outstanding of its 8.625% Senior Notes due 2030 (the \u201c2030 Notes\u201d). The notes are being redeemed at 100% of their principal amount, plus accrued and unpaid interest, using cash on hand.<\/p>\n<p align=\"justify\">The redemption further optimizes Weatherford\u2019s capital structure, reduces Weatherford\u2019s gross debt by $236 million, and is expected to reduce annualized cash interest expense by approximately $20 million. Following the redemption, none of Weatherford\u2019s current outstanding debt is scheduled to mature for approximately the next seven years, providing significant financial flexibility to support the Company\u2019s strategic priorities.<\/p>\n<p align=\"justify\">Anuj Dhruv, Weatherford\u2019s Executive Vice President and Chief Financial Officer, commented, \u201cThis redemption is another step in strengthening our financial foundation and reflects the disciplined approach we continue to take toward capital allocation. Retiring higher-cost debt lowers our interest expense, extends our maturity runway, and gives us greater flexibility to invest in the opportunities that create the most value for Weatherford and our shareholders.\u201d<\/p>\n<p>\n        <strong>About Weatherford<\/strong>\n      <\/p>\n<p align=\"justify\">Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.<\/p>\n<p>\n        <strong>Forward-Looking Statement<\/strong>\n      <\/p>\n<p align=\"justify\">This news release contains projections and forward-looking statements concerning expectations regarding future financial results. Such statements are only estimates based upon the current beliefs of Weatherford\u2019s management and are subject to significant risks, assumptions, and uncertainties. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those indicated in our forward-looking statements. These risks and uncertainties are more fully described in Weatherford\u2019s reports and registration statements filed with the Securities and Exchange Commission, including the risk factors described in the Company\u2019s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Accordingly, you should not place undue reliance on any of the Company\u2019s forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.<\/p>\n<p align=\"justify\">\n        <strong>For Investors:<\/strong><br \/>\n        <br \/>Luke Lemoine<br \/>Senior Vice President, Corporate Development &amp; Investor Relations<br \/>+1 713-836-7777<br \/><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=02EiTUNFBaoM8EGeZ5vfEK-Si9vTwTQhyZdxTaaEAdDmM64FZtZDJw-3UYMwcJFfzvlF9IfXaA4Yn0q0jc0eXS7TvibgqQ_qduKIqverhAmsm4tmJEySQlyOhSKpMIc9YCSYNb6qPnv-qNPoEaVt-Q==\" rel=\"nofollow\" target=\"_blank\">investor.relations@weatherford.com<\/a><\/u><\/p>\n<p align=\"justify\">\n        <strong>For Media:<\/strong><br \/>\n        <br \/>Kelley Hughes<br \/>Vice President, Communications, Marketing &amp; Sustainability<br \/><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XkruhuZCCRn6NiYafcqfwf7j5akeXW5DlTdfP2kCAfnB0j98Dt2NU9HuAHGtD7Gv08XKVfc6bBpANWRHNT1OUB_F83fayY-6AXtdpRNuu-o=\" rel=\"nofollow\" target=\"_blank\">media@weatherford.com<\/a><\/u><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1NjYxNSM3OTI0Nzk4IzIwMDY5NDY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDViMmI1NDEtNDNlZi00ZDkxLTlhYzQtYWQ0ZWZlOGU4YzBmLTEwMTg1MTktMjAyNi0xMC0zMC1lbg==\/tiny\/Weatherford-US-Holding-LLC.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HOUSTON, Oct. 30, 2026 (GLOBE NEWSWIRE) &#8212; Weatherford International plc (NASDAQ: WFRD) (\u201cWeatherford\u201d or the \u201cCompany\u201d) today announced the redemption of all $236 million aggregate principal amount outstanding of its 8.625% Senior Notes due 2030 (the \u201c2030 Notes\u201d). The notes are being redeemed at 100% of their principal amount, plus accrued and unpaid interest, using cash on hand. The redemption further optimizes Weatherford\u2019s capital structure, reduces Weatherford\u2019s gross debt by $236 million, and is expected to reduce annualized cash interest expense by approximately $20 million. Following the redemption, none of Weatherford\u2019s current outstanding debt is scheduled to mature for approximately the next seven years, providing significant financial flexibility to support the Company\u2019s strategic priorities. Anuj Dhruv, Weatherford\u2019s Executive Vice President &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Weatherford Announces Redemption of 8.625% Senior Notes Due 2030&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1015758","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Weatherford Announces Redemption of 8.625% Senior Notes Due 2030 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weatherford Announces Redemption of 8.625% Senior Notes Due 2030 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HOUSTON, Oct. 30, 2026 (GLOBE NEWSWIRE) &#8212; Weatherford International plc (NASDAQ: WFRD) (\u201cWeatherford\u201d or the \u201cCompany\u201d) today announced the redemption of all $236 million aggregate principal amount outstanding of its 8.625% Senior Notes due 2030 (the \u201c2030 Notes\u201d). The notes are being redeemed at 100% of their principal amount, plus accrued and unpaid interest, using cash on hand. The redemption further optimizes Weatherford\u2019s capital structure, reduces Weatherford\u2019s gross debt by $236 million, and is expected to reduce annualized cash interest expense by approximately $20 million. Following the redemption, none of Weatherford\u2019s current outstanding debt is scheduled to mature for approximately the next seven years, providing significant financial flexibility to support the Company\u2019s strategic priorities. Anuj Dhruv, Weatherford\u2019s Executive Vice President &hellip; Continue reading &quot;Weatherford Announces Redemption of 8.625% Senior Notes Due 2030&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-30T12:41:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1NjYxNSM3OTI0Nzk4IzIwMDY5NDY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Weatherford Announces Redemption of 8.625% Senior Notes Due 2030\",\"datePublished\":\"2026-10-30T12:41:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\\\/\"},\"wordCount\":473,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg1NjYxNSM3OTI0Nzk4IzIwMDY5NDY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/weatherford-announces-redemption-of-8-625-senior-notes-due-2030\\\/\",\"name\":\"Weatherford Announces Redemption of 8.625% Senior Notes Due 2030 - 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The notes are being redeemed at 100% of their principal amount, plus accrued and unpaid interest, using cash on hand. The redemption further optimizes Weatherford\u2019s capital structure, reduces Weatherford\u2019s gross debt by $236 million, and is expected to reduce annualized cash interest expense by approximately $20 million. Following the redemption, none of Weatherford\u2019s current outstanding debt is scheduled to mature for approximately the next seven years, providing significant financial flexibility to support the Company\u2019s strategic priorities. 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