Arias, Fábrega & Fábrega acted as Panamanian counsel to Weatherford International plc (NASDAQ: WFRD) and its Panama-based subsidiaries in the issuance of US$1.2 billion aggregate principal amount of 6.75% senior unsecured notes due 2033 by Weatherford International Ltd.

The proceeds from this offering allow Weatherford to fund a tender offer for up to $1.3 billion of its 8.625% Senior Unsecured Notes due 2030 and to cover related expenses, materially lowering its cost of capital and extending its maturity profile.

Weatherford operates in more than 75 countries and relies on a network of regional hubs, to support drilling, completion, and production services worldwide.