Markets

Weatherford Int'l Announces Confirmation Of Plan Of Reorganization

(RTTNews) - Weatherford International plc said that the United States Bankruptcy Court for the Southern District of Texas issued an order confirming the company's Second Amended Joint Prepackaged Plan of Reorganization of Weatherford International plc and its Affiliate Debtors under Chapter 11 of the United States Bankruptcy Code. The company expects that the effective date of the Plan will occur before year-end.

The company noted that amended plan of reorganization contemplates the reduction of about $5.85 billion in debt.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More