Professional Services

Fitch: Weatherford's Equity and Equity-Like Offering Has No Near-Term Rating Impact

Author: Business News

CHICAGO--(BUSINESS WIRE)--Weatherford International plc's (Weatherford) announcement to issue a combined $1 billion in the company's common equity and Weatherford International Ltd, a wholly owned Bermuda subsidiary, mandatorily exchangeable subordinated notes has no near-term rating impact, according to Fitch Ratings. The company intends to use...

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