Weatherford International Plc - 2016-03-01


Priced its public offering of 100 million common shares at $5.65 each. The net proceeds will support general corporate purposes including repayment of debts. Underwriters were granted a month-long option to purchase 15 million additional shares, and the offering is scheduled to close March 7. J.P. Morgan and Morgan Stanley are joint book-running managers.

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