Weatherford international plc announces redemption of $50 million principal amount of its 11.0% senior notes due december 1, 2024

Houston , july 11, 2022 /prnewswire/ -- weatherford international plc (nasdaq: wfrd) ("weatherford" or the "company") today announced it intends to use cash on hand to redeem $50 million principal amount of its 11.0% senior notes due december 1, 2024 on august 10, 2022 (the "unsecured notes"). girish saligram, president and chief executive officer, commented, "i am extremely proud of the progress we have made to strengthen our operating profile as we continue on our journey to realize sustainable profitability and free cash flow generation.
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