05:02 PM EDT, 06/11/2024 (MT Newswires) -- Weatherford International ( WFRD ) said late Tuesday it has increased its credit facility by $40 million to $720 million with the addition of a new lender.

The facility now has a $327 million tranche available for performance letters of credit and a $393 million tranche available for revolving loans, the company said.

Weatherford said it also amended the facility's accordion feature to raise the allowable size to $1 billion.