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Apex Trader Funding (ATF) - News

Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size

HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ:WFRD) ("Weatherford," and together with its subsidiaries, the "Company," "we," "us" and "our") announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender. The Credit Facility is now comprised of a $327 million tranche available for performance letters of credit and a $393 million tranche available for revolving loans. The Company also amended the accordion feature in the Credit Facility to increase ...