Weatherford on the verge of bankruptcy [Seeking Alpha]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: Seeking Alpha
Weatherford on the verge of bankruptcy - Weatherford International plc (NYSE:WFT) | Seeking Alpha Energy Weatherford on the verge of bankruptcy Jun. 28, 2019 11:27 PM ET | Weatherford International plc (WFT) Carl Surran Weatherford International (NYSE: expects to file for Chapter 11 bankruptcy SEC filing Holders of nearly 80% of WFT's outstanding notes have agreed to the restructuring, the filing says. WFT says the reorganization plan allows it to reduce $5.8B of its $7.6B in long-term debt, and debtholders would receive a 99% stake in the reorganized company; the agreement also provides WFT with $1.75B in fresh credit and loans. Click to subscribe to real-time analytics on WFT Now read: J.C. Penney's Debt Is Untenable » Subscribe
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