Weatherford International plc – Court Confirms Prepackaged Plan after Last Minute Modifications to Post-Exit Capital Structure; Debtors Look to Cut Funded Debt by $6.25bn as Shareholders Fume

September 11, 2019 – The Court hearing the Weatherford International cases confirmed the Debtors’ Second Amended Joint Prepackaged Plan and approved the related Disclosure Statement [Docket No. 343]. The Court also approved the Debtors' last minute modifications to the Plan [Docket No. 342] (see below). On July 1, 2019, Weatherford International Plc (NYSE: WFT) and…