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Weatherford Kicks The Can Down The Road

Retrieved on: 2018-04-22 15:07:30

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<div>WFT recent raised $600 million in new debt to push back near term debt maturities. The new bonds now trade at 94 cents on the dollar and yield over 11%. Its 2.7B debt load is over 25x run-rate EBITDA and its interest expense exceeds EBITDA. WFT is controlled by its creditors who may not have any ...</div>

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