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Weatherford Files Ch. 11 Prepack Clearing $5.8B In Debt

By Rick Archer ( July 1, 2019, 8:23 PM EDT) -- Oil field services company Weatherford International filed its Chapter 11 petition Monday as part of a prepackaged restructuring that will slash more than $5. 8 billion in debt and hand ownership of the company to its unsecured noteholders. . . .

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