Weatherford International plc – Oilfield Services Giant to File Prepackaged Chapter 11 on Monday in Advance of Looming Bond Defaults; Noteholder Support Reaches 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") disclosed in a June 28, 2019 SEC filing that they intend to file Chapter 11 Petitions with the Southern District of Texas on Monday, July 1st. The SEC filing follows the Debtors' May 10, 2019 announcement of…