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Conyers advised Weatherford International Ltd., one of the largest oilfield services companies, on its $750 million senior notes offering and the increase of its commercial paper program to permit its offering of up to an aggregate of $2.25 billion notes.
The senior notes offering is of $750 million aggregate principal amount of 4.50% senior notes due 2022 and $550 million aggregate principal amount of 5.95% senior notes due 2042. The notes are guaranteed by Weatherford International Ltd. (a Swiss joint-stock corporation) and Weatherford International, Inc. (a Delaware corporation).
David Cooke and Ciara Brady of Conyers’ Bermuda Corporate practice advised Weatherford International Ltd. alongside Baker McKenzie LLP. Baker Botts LLP advised the underwriters in the senior notes offering.