Weatherford logo. (PRNewsFoto/WEATHERFORD INTERNATIONAL)

Weatherford logo. (PRNewsFoto/WEATHERFORD INTERNATIONAL)

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HOUSTON, Oct. 20, 2021 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly-owned subsidiary, Weatherford International Ltd. (the "Issuer"), has completed the previously announced redemption of $200 million principal amount of its 11.0% senior notes due December 1, 2024 using cash on hand.

H. Keith Jennings, Executive Vice President and Chief Financial Officer, commented, "We are extremely proud of the progress our employees have made improving our operations. Sustainably generating operating cash flow has afforded us the ability to redeem debt as we continue to improve our capital structure."

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