04:43 AM EDT, 09/23/2025 (MT Newswires) -- Weatherford International ( WFRD ) said Monday its subsidiary has priced $1.2 billion in 6.75% senior notes due 2033, doubling the size from the originally planned $600 million.

The company said it plans to use the proceeds from the offering, set to close on Oct. 6, along with cash on hand, to help fund a now-upsized $1.3 billion tender offer for its 8.625% senior notes due 2030, and to cover related interest and transaction costs.

The tender offer depends on the completion of the new bond sale, but the bond sale does not depend on the tender offer closing, it added.