Weatherford International plc Files 8-K for Material Definitive Agreement

TL;DR

WFT filed an 8-K for a new material definitive agreement - could be a big deal.

AI Summary

On September 18, 2025, Weatherford International plc entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Ireland with its principal executive offices in Houston, Texas, filed this 8-K report on September 23, 2025, detailing the event.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Weatherford International, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Numbers

• 001-36504 — SEC File Number (Identifies the company's filing with the SEC.)
• 98-0606750 — EIN (Employer Identification Number for tax purposes.)

Key Players & Entities

• Weatherford International plc (company) — Registrant
• September 18, 2025 (date) — Date of earliest event reported
• September 23, 2025 (date) — Date of report filing
• Ireland (location) — Jurisdiction of incorporation
• Houston, Texas (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.001 — e on which registered Ordinary shares, $0.001 par value per share WFRD NASDAQ Global
• $720 million — itments under the Credit Agreement from $720 million to $1 billion, comprised of a $600 mill
• $1 b — e Credit Agreement from $720 million to $1 billion, comprised of a $600 million revo
• $600 million — 0 million to $1 billion, comprised of a $600 million revolver tranche and a $400 million per
• $400 million — f a $600 million revolver tranche and a $400 million performance letters of credit tranche a
• $200 million — 30 and (b) to the extent that more than $200 million of Senior Notes or Permitted Refinancin
• $1.15 billion — nder the Credit Agreement do not exceed $1.15 billion in the aggregate. The Tenth Amendment a
• $700 million — had commenced a tender offer for up to $700 million in aggregate principal amount of its 8.
• $1,300 m — rchased pursuant to the Tender Offer to $1,300 million, on the terms and conditions set

Filing Documents

• wft-20250918.htm (8-K) — 38KB
• exhibit101tenthamendmentto.htm (EX-10.1) — 1865KB
• wfrdpr-launchnotes14899623.htm (EX-99.1) — 12KB
• wfrdpr-launchtender14899634.htm (EX-99.2) — 28KB
• wfrdpr-pricing2033notesoff.htm (EX-99.3) — 13KB
• wfrdpressrelease-tenderoff.htm (EX-99.4) — 27KB
• image_0.jpg (GRAPHIC) — 15KB
• image_0a.jpg (GRAPHIC) — 15KB
• 0001603923-25-000145.txt ( ) — 2484KB
• wft-20250918.xsd (EX-101.SCH) — 2KB
• wft-20250918_def.xml (EX-101.DEF) — 8KB
• wft-20250918_lab.xml (EX-101.LAB) — 22KB
• wft-20250918_pre.xml (EX-101.PRE) — 17KB
• wft-20250918_htm.xml (XML) — 2KB

01

Item 1.01 Entry into a Material Definitive Agreement. The information set forth in Item 2.03 of this Current Report on Form 8-K is incorporated herein by reference.

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. As previously disclosed, Weatherford International Ltd. ("WIL-Bermuda"), Weatherford International, LLC ("WIL-Delaware"), Weatherford Canada Ltd. ("WIL-Canada"), and WOFS International Finance GmbH, a Swiss limited liability company ("WIL-Switzerland" and, together with WIL-Bermuda, WIL-Delaware and WIL-Canada, collectively, the "Borrowers"), as borrowers, and Weatherford International plc ("Weatherford"), as parent, entered into an amended and restated credit agreement (as amended, amended and restated and supplemented to date, the "Credit Agreement") with the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent (in such capacity, the "Administrative Agent"), on October 17, 2022. Capitalized terms not defined herein shall have the meanings set forth in the Credit Agreement. On September 18, 2025, the Borrowers, Weatherford, the other Obligors party thereto, the lenders party thereto and the Administrative Agent entered into the Tenth Amendment to the Credit Agreement (the "Tenth Amendment"), which, among other things, (i) increased the Aggregate Commitments under the Credit Agreement from $720 million to $1 billion, comprised of a $600 million revolver tranche and a $400 million performance letters of credit tranche and (ii) extended the Maturity Date under the Credit Agreement to the earlier of (a) September 18, 2030 and (b) to the extent that more than $200 million of Senior Notes or Permitted Refinancing Indebtedness in respect thereof is outstanding on such date, the date that is 91 days prior to the stated maturity date of the Senior Notes or any Permitted Refinancing Indebtedness in respect thereof. The Tenth Amendment includes an accordion feature that will allow for further incremental increases of the Commitments such that after giving effect to all such incremental increases, the Aggregate C

01

Item 8.01 Other Events. On September 22, 2025, Weatherford issued a press release announcing that WIL-Bermuda had commenced a private offering of senior notes (the "Notes Offering"). A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. On September 22, 2025, Weatherford issued a separate press release announcing that it had commenced a tender offer for up to $700 million in aggregate principal amount of its 8.625% Senior Unsecured Notes due 2030 (the "Tender Offer"). The Tender Offer is subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in an offer to purchase, dated September 22, 2025 (the "Offer to Purchase"), including the consummation of the Notes Offering. A copy of the press release is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference. On September 22, 2025, Weatherford issued a third press release announcing the pricing of the Notes Offering. A copy of the press release is attached as Exhibit 99.3 to this Current Report on Form 8-K and is incorporated herein by reference. On September 22, 2025, Weatherford issued a fourth press release announcing an increase to the Tender Offer. The Offerors (as defined in the press release) have amended the terms of the Tender Offer to increase the aggregate principal amount of notes that may be purchased pursuant to the Tender Offer to $1,300 million, on the terms and conditions set forth in the Offer to Purchase (as amended). A copy of the press release is attached as Exhibit 99.4 to this Current Report on Form 8-K and is incorporated herein by reference. This Current Report is neither an offer to purchase or sell nor a solicitation of an offer to sell or buy any securities of the Company. The Tender Offers were made solely on the terms and subject to the conditions set forth in the Offer to Purchase, and the information in this Current Report

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Description 10.1 Tenth Amendment to Amended and Restated Credit Agreement, dated as of September 18, 2025, by and among Weatherford International Ltd., Weatherford International, LLC, Weatherford Canada Ltd., WOFS International Finance GmbH, Weatherford International plc, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent. 99.1 Press Release, dated September 22, 2025, announcing the private notes offering. 99.2 Press Release, dated September 22, 2025, announcing the tender offer. 99.3 Press Release, dated September 22, 2025, announcing the pricing of the private offering. 99.4 Press Release, dated September 22, 2025, announcing increase to the tender offer. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Weatherford International plc Date: September 22, 2025 By: /s/ Scott C. Weatherholt Scott C. Weatherholt Executive Vice President, General Counsel and Chief Compliance Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR