Weatherford Emerges from Bankruptcy “Stronger” and “More Focused”

In May, Weatherford International, the world’s fourth largest oilfield services (OFS) company, finally succumbed and announced it was filing for a “prepackaged” bankruptcy (see Weatherford Finally Files for “Prepackaged” Bankruptcy). Last week the company emerged from bankruptcy having wiped out $6.2 billion of debt by giving new stock to debtholders and making existing stock worthless.

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