Weatherford International plc announced it has increased its Credit Facility by $130 million to $680 million in aggregate commitments by adding additional lenders to its facility. The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans. The Company also announced notice to redeem (the ?Redemption?) the remaining $81,502,600 aggregate principal amount outstanding of its 6.50% Senior Notes due 2028 (the ?2028 Notes?).

Weatherford expects to redeem the 2028 Notes before the end of May.