You have accessed this news story:
OFS - Weatherford to file for bankruptcy after dismal Q1 earnings - May 2019
Weatherford International will file a pre-arranged restructuring plan in US and Irish courts that would give 99% of its equity to the holders of 62% of its senior unsecured notes, the company announced May 10. Market headwinds, WFT’s tumble on the NYSE, trouble generating positive cash flow and an underperforming transformation plan all combined with $7.92 billion in net debt to send the ailing member of the service sector’s “Big Four” into Chapter 11 bankruptcy. The company also filed with the Securities......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!