08:52 AM EDT, 09/22/2025 (MT Newswires) -- Weatherford International ( WFRD ) said Monday it launched a $700 million cash tender offer for its 8.625% senior notes due 2030.

The company said the tender offer is subject to various conditions, including the successful completion of a concurrent senior notes offering on terms satisfactory to Weatherford.

Holders who tender their notes by the early tender deadline of Oct. 3 and do not withdraw them will be eligible to receive the total consideration, which includes an early tender payment, the company said.

Notes tendered after that deadline but before Oct. 21 will be eligible for the tender offer consideration, equal to the total consideration minus the early tender payment, the company said.

Accrued and unpaid interest will be paid in cash for all accepted notes, the company said, adding that the initial settlement date for notes tendered by the early deadline is expected to be Oct. 7, while the final settlement date for later tenders is expected to be Oct. 23.