Notes Offering
On September 21, 2021, the Company issued a
press release announcing the pricing of the Offering. A copy of the press release is furnished hereto as Exhibit 99.1 and is incorporated
herein by reference.
The Secured Notes will be offered and sold to
persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States
pursuant to Regulation S under the Securities Act.
The Secured Notes have not been registered under
the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Securities Act and applicable state laws.
This Current Report on Form 8–K shall
not constitute an offer to sell or a solicitation of an offer to purchase the Secured Notes or any other securities, and shall not constitute
an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking
statements concerning, among other things, the Company’s strategy and financing plans and goals. These forward-looking statements
are generally identified by the words “intends”, “believe,” “project,” “expect,” “anticipate,”
“estimate,” “outlook,” “budget,” “intend,” “strategy,” “plan,”
“guidance,” “may,” “should,” “could,” “will,” “would,” “will
be,” “will continue,” “will likely result,” and similar expressions, although not all forward-looking statements
contain these identifying words. Such statements are based upon the current beliefs of Weatherford’s management and are subject
to significant risks, assumptions, and uncertainties. Should one or more of these risks or uncertainties materialize, or underlying assumptions
prove incorrect, actual results may vary materially from those indicated in our forward-looking statements. Readers are cautioned that
forward-looking statements are only predictions and may differ materially from actual future events or results, including the price and
price volatility of oil and natural gas; the extent or duration of business interruptions, demand for oil and gas and fluctuations in
commodity prices associated with COVID-19 pandemic; general global economic repercussions related to COVID-19 pandemic; the macroeconomic
outlook for the oil and gas industry; and operational challenges relating to the COVID-19 pandemic and efforts to mitigate the spread
of the COVID-19 virus and COVID-19 variants, including logistical challenges, protecting the health and well-being of our employees, remote
work arrangements, performance of contracts and supply chain disruptions; financial market conditions and availability of capital; our
ability to generate cash flow from operations to fund our operations; and the realization of additional cost savings and operational efficiencies.
Forward-looking statements are also affected by the risk factors described in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2020, and those set forth from time-to-time in the Company’s other filings with the Securities and Exchange Commission.
The Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future
events, or otherwise, except to the extent required under federal securities laws.