Vinson & Elkins Represents Initial Purchasers in Weatherford’s $1.2 Billion Offering

By Karen Roman Vinson and Elkins said it advised Wells Fargo & Company (NYSE: WFC), as the initial purchasers’ representative, in the upsized offering of $1.2 billion aggregate principal amount of 6.75% senior notes due 2033 carried out by Weatherford International plc (Nasdaq: WFRD). The firm also advised Wells Fargo as dealer manager for Weatherford’s cash tender offer to purchase up to$ 1.3 billion aggregate principal amount of its 8.625% senior notes due 2030, it stated. Vinson & Elkins team was led ...