Weatherford Announces Expansion of Credit Facility to $1 Billion
Weatherford (NASDAQ: WFRD) has announced a significant expansion of its credit facility to $1 billion, marking a $280 million increase from its previous amount. The expanded facility includes a $600 million revolver tranche and $400 million for performance letters of credit, with an accordion feature that could potentially increase commitments to $1.15 billion.
The maturity date has been extended from 2028 to 2030, and the company's pro forma liquidity as of June 2025 stands at $1.5 billion. This expansion strengthens Weatherford's financial position and provides enhanced flexibility for pursuing strategic initiatives.
Weatherford (NASDAQ: WFRD) ha annunciato una significativa espansione della sua facility creditizia a 1 miliardo di dollari, aumentando di 280 milioni rispetto al precedente importo. La nuova linea comprende una tranche revolver da 600 milioni di dollari e 400 milioni per lettere di credito di prestazione, con una funzione accordion che potrebbe portare gli impegni fino a 1,15 miliardi di dollari.
La scadenza è stata estesa dal 2028 al 2030, e la liquidità pro forma al giugno 2025 si attesta a 1,5 miliardi di dollari. Questa espansione rafforza la posizione finanziaria di Weatherford e offre maggiore flessibilità per perseguire iniziative strategiche.
Weatherford (NASDAQ: WFRD) ha anunciado una expansión significativa de su línea de crédito a 1.000 millones de dólares, un aumento de 280 millones respecto al monto anterior. La facilidad ampliada incluye una tranche revolver de 600 millones y 400 millones para cartas de crédito de rendimiento, con una función acordeón que podría incrementar los compromisos a 1,150 millones.
La fecha de maduración se ha extendido de 2028 a 2030, y la liquidez pro forma a junio de 2025 se sitúa en 1.500 millones de dólares. Esta expansión fortalece la posición financiera de Weatherford y ofrece una mayor flexibilidad para perseguir iniciativas estratégicas.
Weatherford (NASDAQ: WFRD)가 신용시설을 10억 달러로 대폭 확대했다고 발표했습니다. 이는 이전 금액에서 2억 8천만 달러 증가한 수치입니다. 확장된 시설에는 6억 달러의 리볼버 트랜치와 4억 달러의 퍼포먼스 레터스 오브 크레딧이 포함되며, 아코디언 기능으로 약정이 최대 11.5억 달러까지 늘어날 수 있습니다.
만기일은 2028년에서 2030년으로 연장되었고, 2025년 6월 기준의 대응 유동성은 15억 달러입니다. 이번 확장을 통해 Weatherford의 재무 상태가 강화되고 전략적 이니셔티브를 추진할 때의 유연성이 확대됩니다.
Weatherford (NASDAQ: WFRD) a annoncé une expansion significative de sa ligne de crédit à 1 milliard de dollars, soit une hausse de 280 millions par rapport au montant précédent. La facilité élargie comprend une tranche revolver de 600 millions et 400 millions pour les lettres de crédit de performance, avec une fonction accordéon qui pourrait porter les engagements à 1,15 milliard de dollars.
La date d'échéance a été portée de 2028 à 2030, et la liquidité pro forma au juin 2025 s'élève à 1,5 milliard de dollars. Cette expansion renforce la position financière de Weatherford et offre une plus grande flexibilité pour poursuivre des initiatives stratégiques.
Weatherford (NASDAQ: WFRD) hat eine signifikante Erweiterung seiner Kreditfazilität auf 1 Milliarde US-Dollar angekündigt, eine Erhöhung von 280 Millionen gegenüber dem bisherigen Betrag. Die erweiterte Fazilität umfasst eine revolver-Tranche von 600 Millionen US-Dollar und 400 Millionen für Leistungs-Akkreditive, mit einer Accordion-Funktion, die Verpflichtungen auf bis zu 1,15 Milliarden erhöhen könnte.
Die Laufzeit wurde von 2028 auf 2030 verlängert, und die pro-forma Liquidität zum Juni 2025 beträgt 1,5 Milliarden US-Dollar. Diese Expansion stärkt die finanzielle Position von Weatherford und bietet mehr Flexibilität bei der Umsetzung strategischer Initiativen.
Weatherford (بورصة ناسداك: WFRD) أعلن عن توسيع كبير في التسهيل الائتماني ليصل إلى مليار دولار، بزيادة قدرها 280 مليون دولار عن المبلغ السابق. تشمل التسهيلات الموسعة شريحة 6oo مليون دولار من الاعتماد المتجدد و 400 مليون دولار لخطابات الاعتماد الخاصة بالأداء، مع ميزة accordion التي قد ترفع الالتزامات إلى 1.15 مليار دولار. تم تمديد تاريخ الاستحقاق من 2028 إلى 2030، وتبلغ السيولة على أساس الواقع التطبيقي حتى يونيو 2025 1.5 مليار دولار. تعزز هذه التوسعة الوضع المالي Weatherford وتوفر مرونة أكبر في متابعة المبادرات الاستراتيجية.
Weatherford（纳斯达克股票代码：WFRD）宣布将信贷额度大幅扩展至 10亿美元，较前一金额增加 2.8亿美元。扩展的信贷额度包括一笔 6亿美元的循环额度和 4亿美元的履约信用证，具有手风琴式功能，承诺金额可能增至 11.5亿美元。
期限从 2028 年延长至 2030 年，至 2025 年 6 月的前瞻性流动性为 15亿美元。此次扩张巩固了 Weatherford 的财务状况，并为推进战略举措提供更大灵活性。
- Credit facility increased by $280 million to $1 billion total commitment
- Extended maturity from 2028 to 2030, improving long-term financial stability
- Pro forma liquidity strengthened to $1.5 billion as of June 2025
- Additional flexibility through accordion feature potentially increasing commitments to $1.15 billion
- Increased debt capacity could potentially lead to higher leverage if fully utilized
HOUSTON, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and the “Company,” “we,” “us” and “our”) announced it has increased its credit facility by
Girish Saligram, President and Chief Executive Officer of Weatherford, stated, “The significant expansion of our credit facility further reinforces Weatherford’s financial foundation, giving us the flexibility to pursue our long-term objectives with confidence and discipline. Supported by our strong balance sheet and operational performance, this achievement enhances our ability to invest, innovate, and execute with strength. We are grateful for the trust of our banking partners, whose support underscores the strong relationships that enable our long-term success.”
About Weatherford
Weatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. The Company conducts business in approximately 75 countries and has approximately 17,300 team members representing more than 110 nationalities and 310 operating locations. Visit weatherford.com for more information and connect with us on social media.
For Investors:
Luke Lemoine
Weatherford Investor Relations
+1 713-836-7777
investor.relations@weatherford.com
For Media:
Kelley Hughes
Weatherford Global Marketing, Communications & Sustainability
media@weatherford.com
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