Weatherford International is issuing $1.5 billion of unsecured notes due 2030 (the “2030 Notes”), which are expected to price this week. Proceeds of the 2030 Notes will be used, together with cash on hand, to fund a tender offer for up to $1.5 billion of outstanding 11% unsecured notes due 2024. Full analysis here: https://reorg.com/weatherford-covenants-update/