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Weatherford International to sell senior notes possibly Wednesday
By Andrea Heisinger
Omaha, March 18 - Weatherford International Ltd. announced an offering of senior notes (Baa1/BBB+) Tuesday, with pricing expected Wednesday, a source close to the deal said.
Bookrunners are Goldman Sachs & Co., Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.
Co-managers are ABN Amro Securities, J.P. Morgan Securities Inc. and Simmons and Co. International.
Proceeds will be used to repay existing short-term debt and for general corporate purposes, including capital expenditures and business acquisitions.
The oilfield services equipment company is based in Houston.
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