Advising Weatherford International during its emergence from Chapter 11 bankruptcy protection

Arias, Fábrega & Fábrega acted as special Panamanian Counsel to multinational oilfield service company, Weatherford International Plc. and its Panama-based subsidiaries, in connection with Weatherford’s emergence from Chapter 11 proceedings, securing US$2.6 billion in exit financing facilities, including a US$450 million revolving credit facility, as well as a US$195 million letter of credit facility and more than US$900 million of liquidity.