Latham & Watkins Advises Weatherford on Upsized US$1.2 Billion Notes Offering and Concurrent Upsized US$1.3 Billion Tender Offering

Weatherford International plc (NASDAQ: WFRD) (Weatherford or the Company) has announced that its subsidiary, Weatherford International Ltd., has priced US$1.2 billion aggregate principal amount of its 6.75% Senior Notes due 2033 at par (the 2033 Notes), which represents a US$600 million increase from the previously announced size of the offering (the 2033 Notes Offering). The 2033 Notes Offering is expected to close on October 6, 2025, subject to customary closing conditions.

Concurrently, Weatherford announced the upsizing of its previously announced cash tender offer (the Tender Offer) for its 8.625% Senior Notes due 2030 (Notes) by its subsidiaries, Weatherford International, LLC and Weatherford International Ltd. (together, the Offerors). The Offerors 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 US$1.3 billion, on the terms and conditions of the offer to purchase, dated as of September 22, 2025 (as amended by the terms set forth herein, the Offer to Purchase).

Latham & Watkins LLP advised Weatherford in the 2033 Notes Offering and Tender Offer with a corporate team led by Austin partners David Miller and Samuel Rettew, with associates Sarah Rodrigue, Jeff Serfass, and Don Izekor with assistance from Andrea Lee. Advice was also provided on finance matters by Houston partner Craig Kornreich and counsel Natalie McFarland, with associates Brian Flynn and Joanna Zhao; on tax matters by Houston partner Jared Grimley; on environmental health and safety matters by Los Angeles/Houston partner Josh Marnitz, with associate Casey Kirk; on compliance matters by D.C. partner Eric Volkman; and on UK law matters by London partner Manoj Tulsiani, with associate Tom Breheny.