11 Feb 2011substantial holder notice● Neutral
ClearBridge Advisors, LLC reported a Weatherford International Ltd./Switzerland shareholding of 41,464,115 shares (5.59% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 Jan 2011quarterly activities report▼ Bad
Weatherford International Ltd./Switzerland reported quarterly revenue of $2923.0 million and a net loss of $130.0 million for the period ended 2010-12-31.
2 Nov 2010quarterly activities report▼ Bad
Weatherford International Ltd./Switzerland reported quarterly revenue of $2923.0 million and a net loss of $130.0 million for the period ended 2010-12-31.
19 Oct 2010debt financing● NeutralMajor
On Oct 15, 2010 Weatherford signed a new $1.75 billion unsecured revolving credit facility maturing Oct 15, 2013 (subject to extension), replacing two existing facilities of the same total size that were due to mature in May 2011 and were ended without penalty. It carries a 60% total debt-to-capitalization covenant, and the company says it is in compliance. The same filing carries Q3 2010 results and mentions an application to list its shares on the SIX Swiss Stock Exchange; no figures are given in the filing text.
22 Sept 2010debt financing● NeutralMajor
On Sept 16, 2010 Weatherford's Bermuda subsidiary agreed to sell $800 million of 5.125% notes due 2020 and $600 million of 6.750% notes due 2040, guaranteed by the Swiss parent and the Delaware subsidiary, for expected net proceeds of about $1.38 billion. The money is meant to fund a cash tender offer for several older notes (including up to $700 million of the 6 5/8% notes due 2011), repay short-term debt and for general corporate purposes. This builds on the notes and guarantees set up in the 2009 Swiss reorganization.
16 Sept 2010securities registration● Neutral
Weatherford International Ltd./Switzerland filed a free-writing prospectus - marketing material for an offering in progress.
1 Sept 2010quarterly activities report● Neutral
Weatherford International Ltd./Switzerland reported quarterly revenue of $2530.0 million and net income of $70.0 million for the period ended 2010-09-30.
3 Aug 2010quarterly activities report● Neutral
Weatherford International Ltd./Switzerland reported quarterly revenue of $2530.0 million and net income of $70.0 million for the period ended 2010-09-30.
20 July 2010quarterly activities report▼ Bad
Weatherford International Ltd./Switzerland reported quarterly revenue of $2437.0 million and a net loss of $74.0 million for the period ended 2010-06-30.
28 June 2010material agreement● NeutralMajor
On June 24, 2010 Weatherford and TNK-BP amended the 2009 deal for TNK-BP's Oilfield Services Division, pushing the settlement of the value guarantee from June 29, 2010 to the earlier of Dec 1, 2010 or 30 days after the third business day after Q3 2010 earnings. The guarantee base price rose from $18.50 to $19.50 and any payments must now be in cash, not shares. Weatherford also got an option to repurchase the TNK-BP shares at $18.70 per share through June 29, 2010. This continues the thread from the 2009 agreement.
3 May 2010quarterly activities report▼ Bad
Weatherford International Ltd./Switzerland reported quarterly revenue of $2437.0 million and a net loss of $74.0 million for the period ended 2010-06-30.
20 Apr 2010quarterly activities report▼ Bad
Weatherford International Ltd./Switzerland reported quarterly revenue of $2331.0 million and a net loss of $83.0 million for the period ended 2010-03-31.
1 Apr 2010securities registration● Neutral
Weatherford International Ltd./Switzerland filed a prospectus supplement covering resales by selling shareholders.
31 Mar 2010securities registration● Neutral
Weatherford International Ltd./Switzerland filed a prospectus supplement covering resales by selling shareholders.
12 Feb 2010substantial holder notice● Neutral
ClearBridge Advisors, LLC reported a Weatherford International Ltd./Switzerland shareholding of 50,106,539 shares (6.80% of votes) in a periodic institutional filing.
2 Feb 2010securities registration● Neutral
Weatherford International Ltd./Switzerland filed a prospectus supplement covering resales by selling shareholders.
5 Jan 2010director interest notice● Neutral
Weatherford International Ltd./Switzerland VP, Co-Gen Coun & CCO Jacobson William B received 2,083 shares as part of the equity award.
22 Dec 2009director interest notice● Neutral
Weatherford International Ltd./Switzerland VP Manufact & Procurement M David Colley had 10,935 shares withheld for taxes on vesting stock.
22 Dec 2009director interest notice● Neutral
Weatherford International Ltd./Switzerland VP Op Supp & Chf Safety Off Keith R Morley had 10,935 shares withheld for taxes on vesting stock.
16 Dec 2009director interest notice● Neutral
Weatherford International Ltd./Switzerland SR VP Res & Prod & CTO Stuart E Ferguson had 36,379 shares withheld for taxes on vesting stock.
16 Dec 2009director interest notice● Neutral
Weatherford International Ltd./Switzerland VP Manufact & Procurement M David Colley had 5,544 shares withheld for taxes on vesting stock.
16 Dec 2009director interest notice● Neutral
Weatherford International Ltd./Switzerland VP - Legal Henry Joseph C. had 2,645 shares withheld for taxes on vesting stock.
16 Dec 2009director interest notice● Neutral
Weatherford International Ltd./Switzerland VP Op Supp & Chf Safety Off Keith R Morley had 16,509 shares withheld for taxes on vesting stock.
2 Nov 2009quarterly activities report● Neutral
Weatherford International Ltd./Switzerland reported quarterly revenue of $2144.9 million and net income of $31.8 million for the period ended 2009-09-30.
19 Oct 2009quarterly activities report● Neutral
Weatherford International Ltd./Switzerland reported quarterly revenue of $2144.9 million and net income of $31.8 million for the period ended 2009-09-30.
2 Oct 2009director interest notice● Neutral
Weatherford International Ltd./Switzerland VP & Chief Compliance Off Jacobson William B received 2,092 shares as part of the equity award.
24 Sept 2009securities registration● Neutral
Weatherford International Ltd./Switzerland filed a prospectus supplement covering resales by selling shareholders.
24 Sept 2009securities registration● Neutral
Weatherford International Ltd./Switzerland filed a prospectus supplement covering resales by selling shareholders.
17 Sept 2009securities registration● Neutral
Weatherford International Ltd./Switzerland filed a prospectus supplement covering resales by selling shareholders.
1 Sept 2009quarterly activities report● Neutral
Weatherford International Ltd./Switzerland reported quarterly revenue of $2144.9 million and net income of $31.8 million for the period ended 2009-09-30.