Weatherford International gets puts of $11 million zero-coupon convertible debentures

By Jennifer Chiou

New York, July 15 - Weatherford International Ltd. announced it received puts of $11,041,000 principal amount at maturity of its zero-coupon convertible senior debentures due 2020, according to an 8-K filing with the Securities and Exchange Commission.

In line with the terms of the indenture, the company bought back the debentures on June 30 at $639.76 per $1,000 principal amount at maturity, the contractual repurchase price, for a $7,063,590.16 total amount.

Based in Houston, Weatherford provides equipment and services for oil and natural gas well drilling and production.

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