2 Sept 2005director interest notice● Neutral
WEATHERFORD INTERNATIONAL LTD Sr. VP & Chief Tech. Off. Stuart E Ferguson received a stock option grant for 65 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Aug 2005debt financing● NeutralMajor
Weatherford signed a $1.2 billion, 364-day credit facility with UBS, Bank of America and Morgan Stanley (maturing August 23, 2006) to fund the redemption of its Zero Coupon Convertible Senior Debentures due 2020, the planned purchase of Precision Drilling's Energy Services and International Contract Drilling divisions, and possible refinancings. It then redeemed the remaining debentures: $367.4 million face value was converted into about 3.67 million common shares, and the rest ($531.6 million face) was repaid for $341.8 million, funded by a $240 million draw on the new facility (about 4.0% expected interest) and $101.8 million of cash.
9 Aug 2005director interest notice● Neutral
WEATHERFORD INTERNATIONAL LTD director Sheldon B Lubar sold 215,671 shares.
9 Aug 2005director interest notice● Neutral
WEATHERFORD INTERNATIONAL LTD director Robert A Rayne exercised stock options for 43,632 shares and disposed of 87,264 shares.
9 Aug 2005director interest notice● Neutral
WEATHERFORD INTERNATIONAL LTD director Sheldon B Lubar sold 8,900 shares.
4 Aug 2005director interest notice● Neutral
WEATHERFORD INTERNATIONAL LTD Chairman, President & CEO Bernard J Duroc-danner exercised stock options for 596,192 shares and disposed of 123,796 shares.
4 Aug 2005director interest notice● Neutral
WEATHERFORD INTERNATIONAL LTD Chairman, President & CEO Bernard J Duroc-danner sold 22,300 shares.
4 Aug 2005director interest notice● Neutral
WEATHERFORD INTERNATIONAL LTD Chairman, President & CEO Bernard J Duroc-danner sold 152,000 shares.