Weatherford International plc – Emerges from Bankruptcy Minus $6.2bn in Funded Debt; Plus $2.6bn Exit Financing and New Board

December 13, 2019 – The (former) Debtors notified the Court [Docket No. 483] that their Second Amended Joint Prepackaged Plan had become effective as of December 13, 2019. The Court had previously approved the Debtors’ Plan on September 11, 2019 [Docket No. 343].  On July 1, 2019, Weatherford International Plc (formerly, NYSE: WFT) and two…