Weatherford to Redeem $236 Million in Senior Notes Due 2030

09:10 AM EDT, 10/30/2026 (MT Newswires) -- Weatherford International (WFRD) said Friday it is redeeming all $236 million in outstanding 8.625% senior notes due 2030 at par, plus accrued and unpaid interest, using cash on hand. The move reduces gross debt by $236 million and is expected to lower annualized cash interest expense by approximately $20 million, the company added. Weatherford said no current outstanding debt is scheduled to mature for approximately seven years following the redemption, providing greater financial flexibility.