Weatherford International plc – As Expected, Oilfield Services Giant Files Prepackaged Chapter 11 in Advance of Looming Bond Defaults; Noteholder Support at 79% as Debtors Look to Shed $5.85bn

June 28, 2019 − Weatherford International plc (NYSE: WFT) and two affiliated debtors (together, "Weatherford" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-33676. The Debtors, one of the largest multinational oilfield service companies, are represented by Timothy A. Davidson II…