Weatherford announces $550 million credit facility with $300 million borrowing capacity

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 certain conditions.
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