Weatherford To Sell $1.4 Billion Of Debt In Refinancing Effort
DOW JONES NEWSWIRES Weatherford International Ltd. (WFT) said it will sell $1.4 billion of fresh debt as the oilfield-services company uses the funds to pay down other borrowings. It also announced the signing of a commitment letter for a $1.75 billion credit line with J.P. Morgan Chase 212-416-2354; kevin.kingsbury@dowjones.com