oil & gas assets
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OFS - Weatherford appears to be headed to second round of reorg - May 2020



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Weatherford International expects that the current downturn will cause it to break its asset-based loan revolving credit facility, which could send the company back into bankruptcy a few months after exiting it. Weatherford has already entered discussions with holders of its $2.1 billion in exit notes in anticipation of the forthcoming breach, it reported in a May 11 SEC filing. “Available liquidity increased to over $905 million at the end of the quarter, as......
 
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