Weatherford International (WFRD) said late Tuesday it has increased its credit facility by $40 million to $720 million with the addition of a new lender.
The facility now has a $327 million tranche available for performance letters of credit and a $393 million tranche available for revolving loans, the company said.
Weatherford said it also amended the facility's accordion feature to raise the allowable size to $1 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments