Oilfield services company Weatherford International Ltd., Geneva, Switzerland, (NYSE: WFT) reports the expiration of the maximum tender offer relating to a maximum tender amount of approximately $532.9 million in aggregate principal amount of notes.
Pursuant to the maximum tender offer Weatherford International, Inc., a Delaware corporation and subsidiary of Weatherford, was offering to purchase its 5.95% senior notes due June 15, 2012, and Weatherford International Ltd., a Bermuda exempted company and subsidiary of Weatherford, was offering to purchase its 5.15% senior notes due March 15, 2013 and its 4.95% senior notes due October 15, 2013. Both offers were made for an aggregate of up to $700 million principal amount of specified series of outstanding senior debt of Weatherford Delaware and Weatherford Bermuda.
Deutsche Bank Securities Inc., Morgan Stanley & Co. Inc. and UBS Securities LLC are joint lead dealer managers.
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