Obbligazione Weatherford Global Ltd 6.5% ( US947075AB33 ) in USD

Emittente Weatherford Global Ltd
Prezzo di mercato 100 USD  ▲ 
Paese  Stati Uniti
Codice isin  US947075AB33 ( in USD )
Tasso d'interesse 6.5% per anno ( pagato 2 volte l'anno) - Obbligazione č in default, i pagamenti sono sospes
Scadenza 31/07/2036 - Obbligazione č scaduto



Prospetto opuscolo dell'obbligazione Weatherford International Ltd US947075AB33 in USD 6.5%, scaduta


Importo minimo 1 000 USD
Importo totale 595 824 000 USD
Cusip 947075AB3
Standard & Poor's ( S&P ) rating D ( In default )
Moody's rating N/A
Descrizione dettagliata Weatherford International Ltd č una societā globale di servizi e attrezzature per l'industria petrolifera e del gas, operante in numerosi paesi con un'ampia gamma di prodotti e servizi per l'esplorazione e la produzione.

The Obbligazione issued by Weatherford Global Ltd ( United States ) , in USD, with the ISIN code US947075AB33, pays a coupon of 6.5% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 31/07/2036
The Obbligazione issued by Weatherford Global Ltd ( United States ) , in USD, with the ISIN code US947075AB33, was rated D ( In default ) by Standard & Poor's ( S&P ) credit rating agency.







e424b5
424B5 1 h38056b5e424b5.htm PROSPECTUS
http://www.sec.gov/Archives/edgar/data/32908/000095012906007493/h38056b5e424b5.htm (1 of 64)8/9/2006 10:53:44 AM


e424b5
Table of Contents
Filed pursuant to Rule 424(b)(5)
Registration No. 333-135244

CALCULATION OF REGISTRATION FEE













Title of Securities

Amount
Aggregate Price
Aggregate
Registration
Registered
Registered
Per Unit
Offering Price
Fee
6.50% Senior Notes due 2036
$ 600,000,000 99.284% $ 595,704,000 $ 63,741
The Registrants paid $53,500 with respect to $500,000,000 aggregate offering price of these securities in
connection with the filing of a preliminary prospectus supplement under Rule 424(b)(3) related to this offering,
which was filed August 2, 2006. The fee with respect to the additional $95,704,000 aggregate offering price is
paid with this filing.
Prospectus Supplement
August 2, 2006
(To prospectus dated June 22, 2006)
$600,000,000



Weatherford International Ltd.

6.50% Senior Notes due 2036

Fully and Unconditionally Guaranteed By Weatherford
International, Inc.



We will pay interest on the notes on February 1 and August 1 of each year, beginning February 1, 2007. The
notes will mature on August 1, 2036. We may redeem some of the notes from time to time or all of the notes at
any time at the redemption prices set forth in this prospectus supplement.
The notes will be our unsecured senior obligations and will rank equally with all of our other unsecured senior
indebtedness from time to time outstanding.
The notes are fully and unconditionally guaranteed on a senior unsecured basis by one of our operating
subsidiaries, Weatherford International, Inc. The guarantee by Weatherford International, Inc. will rank equal in
right of payment to all of Weatherford International, Inc.'s existing and future unsecured and unsubordinated
indebtedness. This guarantee may be terminated and reinstated under certain circumstances as described in this
prospectus supplement.
Investing in the notes involves risks. Please read "Risk Factors" on page S-5 of this prospectus
supplement and page 1 of the accompanying prospectus.

http://www.sec.gov/Archives/edgar/data/32908/000095012906007493/h38056b5e424b5.htm (2 of 64)8/9/2006 10:53:44 AM


e424b5







Per


Note

Total


Public offering price(1)

99.284%
$ 595,704,000
Underwriting discount

.875%
$ 5,250,000
Proceeds, before expenses, to us

98.409%
$ 590,454,000
(1) Plus accrued interest from August 7, 2006, if settlement occurs after that date.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is
truthful or complete. Any representation to the contrary is a criminal offense.
The notes will be ready for delivery in book-entry form only through The Depository Trust Company on or
about August 7, 2006.

Joint Book-Running Managers

Banc of America Securities
LLC


Morgan

Stanley


UBS Investment

Bank

Co-Managers
Merrill Lynch & Co.
Simmons & Company International

http://www.sec.gov/Archives/edgar/data/32908/000095012906007493/h38056b5e424b5.htm (3 of 64)8/9/2006 10:53:44 AM


e424b5


TABLE OF CONTENTS






Prospectus Supplement
About This Prospectus Supplement
S-ii
S-
Where You Can Find More Information

iii
Prospectus Supplement Summary
S-1
Risk Factors
S-5
Use of Proceeds
S-5
Capitalization
S-6
Description of Notes
S-7
S-
Book-Entry, Delivery and Form

10
S-
Underwriting

13
S-
Legal Matters

14
S-
Experts

14

Prospectus
About This Prospectus

i
Where You Can Find More Information

ii
Forward-Looking Statements

ii
Weatherford International Ltd.

1
Weatherford International, Inc.

1
Risk Factors

1
Use of Proceeds

1
Ratio of Earnings to Fixed Charges

2
Description of Share Capital

2
Description of Warrants

4
Description of Debt Securities

5
Legal Matters

10
Experts

11
S-i
http://www.sec.gov/Archives/edgar/data/32908/000095012906007493/h38056b5e424b5.htm (4 of 64)8/9/2006 10:53:44 AM


e424b5
Table of Contents

ABOUT THIS PROSPECTUS SUPPLEMENT
In this prospectus supplement, unless otherwise indicated, when we refer to Weatherford Bermuda or use
words such as "we" or "us", we are generally referring to Weatherford International Ltd. and its subsidiaries
as a whole or on a division basis, depending on the context in which the statements are made. When we refer
to Weatherford Delaware, we are referring to Weatherford International, Inc., our predecessor company and
our wholly owned, indirect subsidiary, which has irrevocably and unconditionally guaranteed the notes on a
senior unsecured basis as described in this prospectus supplement.
This prospectus supplement is part of a registration statement that we have filed with the Securities and
Exchange Commission, or SEC, using a "shelf" registration process. Under this shelf registration process, we
are offering to sell the notes using this prospectus supplement and the accompanying prospectus. This
prospectus supplement describes the specific terms of the note offering. The accompanying prospectus gives
more general information, some of which may not apply to this offering. If the description of the offering
varies between this prospectus supplement and the accompanying prospectus, you should rely on the
information in this prospectus supplement.
Consent under the Exchange Control Act of 1972 (and its related regulations) has been obtained from the
Bermuda Monetary Authority for the issue and transfer of our loan notes to and between non-residents of
Bermuda for exchange control purposes, provided our shares remain listed on an appointed stock exchange,
which includes the New York Stock Exchange. This prospectus supplement and the accompanying prospectus
will be filed with the Registrar of Companies in Bermuda in accordance with Bermuda law. In granting such
consent and in accepting this prospectus supplement and the accompanying prospectus for filing, neither the
Bermuda Monetary Authority nor the Registrar of Companies in Bermuda accepts any responsibility for our
financial soundness or the correctness of any of the statements made or opinions expressed in such
documents.
You should rely only on the information contained or incorporated by reference in this prospectus
supplement, the accompanying prospectus and any "free writing prospectus" that we authorize to be delivered
to you. We have not, and the underwriters have not, authorized any other person to provide you with different
information. If anyone provides you with different or inconsistent information, you should not rely on it. We
are not, and the underwriters are not, making an offer to sell these securities in any jurisdiction where the offer
or sale is not permitted. You should assume that the information appearing in this prospectus supplement, any
"free writing prospectus," the accompanying prospectus and the documents incorporated by reference is
accurate only as of their respective dates. Our business, financial condition, results of operations and
prospects may have changed since those dates.
S-ii
http://www.sec.gov/Archives/edgar/data/32908/000095012906007493/h38056b5e424b5.htm (5 of 64)8/9/2006 10:53:44 AM


e424b5
Table of Contents

WHERE YOU CAN FIND MORE INFORMATION
We file reports and other information with the SEC. You may read our SEC filings at the SEC's website at
www.sec.gov. You may also read and copy documents at the public reference room maintained by the SEC at
100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information
on the public reference room.
The SEC allows us to "incorporate by reference" the information we file with them, which means that we can
disclose to you important information contained in other documents filed with the SEC by referring you to
those documents. The information incorporated by reference is an important part of this prospectus
supplement and the accompanying prospectus. Information we later file with the SEC will automatically
update and supersede this information. We incorporate by reference the documents listed below and any
future filings made with the SEC under Sections 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of
1934, or the Exchange Act, after the date of this prospectus supplement through the termination of the
registration statement of which this prospectus supplement is a part. Please read the following documents
incorporated by reference to this prospectus supplement and accompanying prospectus:

· Our annual report on Form 10-K for the year ended December 31, 2005 filed with the SEC on
March 10, 2006;


· Our quarterly report on Form 10-Q for the quarter ended March 31, 2006 filed with the SEC on May 9,
2006;


· Our current reports on Form 8-K filed (but only to the extent filed, and not to the extent "furnished"
within the meaning of SEC regulations) on the following dates in 2006: February 15, 17 and 21,
March 10, May 5 and 15 and July 14; and


· All documents we file under Section 13(a), 13(c), 14, or 15(d) of the Exchange Act between the date of
this prospectus supplement and the termination of the registration statement of which this prospectus
supplement is a part.
If the information in incorporated documents conflicts with information in this prospectus supplement, you
should rely on the most recent information. If the information in an incorporated document conflicts with
information in another incorporated document, you should rely on the most recent incorporated document.
You may request a copy of these filings at no cost, by writing or telephoning us at the following address:
Weatherford International Ltd., 515 Post Oak Boulevard, Suite 600, Houston, Texas 77027, Attention:
Investor Relations (telephone number: (713) 693-4000). If you have any other questions regarding us, please
contact our Investor Relations Department in writing at the above address or at the above telephone number or
visit www.weatherford.com. Information on our website is not incorporated by reference in this prospectus
supplement or the accompanying prospectus.
S-iii
http://www.sec.gov/Archives/edgar/data/32908/000095012906007493/h38056b5e424b5.htm (6 of 64)8/9/2006 10:53:44 AM


e424b5
http://www.sec.gov/Archives/edgar/data/32908/000095012906007493/h38056b5e424b5.htm (7 of 64)8/9/2006 10:53:44 AM


e424b5
Table of Contents

PROSPECTUS SUPPLEMENT SUMMARY
This summary highlights information appearing in other sections of this prospectus supplement or the
accompanying prospectus. It may not contain all of the information that you should consider before
investing in our notes. You should read the entire prospectus supplement, the accompanying prospectus
and the documents incorporated by reference carefully, including the financial statements and the
footnotes to those financial statements contained in those documents.

Weatherford
Our Business
Weatherford is one of the largest global providers of innovative mechanical solutions, technology and
services for the drilling and production sectors of the oil and gas industry. We operate in over
100 countries and employ approximately 30,200 people worldwide.
Our principal executive offices are located at 515 Post Oak Boulevard, Suite 600, Houston, Texas
77027-3415. Our telephone number at that location is (713) 693-4000.
Recent Developments
On August 25, 2005, we entered into a revolving credit agreement with UBS Loan Finance LLC, Bank
of America, N.A. and Morgan Stanley Senior Funding, Inc., under which currently we may borrow up
to $600 million outstanding at any time. The facility matures August 23, 2006, and is subject to
mandatory commitment reductions if we undertake certain types of capital markets transactions,
including this offering. In this prospectus supplement, we refer to this agreement as our "bridge
facility."
On August 29, 2005, we redeemed all of our remaining outstanding Zero Coupon Convertible Senior
Debentures due 2020. The aggregate redemption cost to us was $341.8 million. We funded
$240 million of that amount through a borrowing on our bridge facility and the remaining
$101.8 million with available cash.
On August 31, 2005, we acquired Precision Drilling Corporation's Energy Services Division and
International Contract Drilling Division for US$942.7 million in cash (based on then current exchange
rates) and 52 million of our common shares. In this prospectus supplement, we refer to this transaction
as the "Precision acquisition." The cash portion of the Precision acquisition was funded through
borrowings under our bridge facility.
On October 25, 2005, we initiated a commercial paper program for the issuance of short-term
unsecured notes. Under that program, we currently may issue notes in an aggregate amount not to
exceed $1.2 billion. In this prospectus supplement, we refer to this program as our "CP program." We
have used the CP program to repay all borrowings under the bridge facility.

http://www.sec.gov/Archives/edgar/data/32908/000095012906007493/h38056b5e424b5.htm (8 of 64)8/9/2006 10:53:44 AM


e424b5
On December 28, 2005, we announced that our Board of Directors had approved a share repurchase
program that authorizes us to repurchase up to $1 billion of our common shares from time to time as
market conditions warrant. Through June 30, 2006, we have purchased approximately 5.2 million
common shares at an average price of $46.07 per share. We have funded these purchases through
issuances under the CP program and available cash.
On February 17, 2006, we issued $350.0 million of 5.50% Senior Notes due 2016. We used the net
proceeds of $346.2 million to partially repay outstanding borrowings on our CP program.
On May 2, 2006, we entered into a revolving credit agreement with a syndicate of banks led by
JP Morgan Chase Bank, N.A. under which we may borrow up to $750.0 million outstanding at any
time. This facility, which we refer to as our "credit facility," matures May 2, 2011 and replaces our
previous credit facility that was scheduled to expire May 12, 2006.
On July 19, 2006, we reported second quarter 2006 revenues of $1,538.6 million and income from
continuing operations of $186.8 million.
S-1
http://www.sec.gov/Archives/edgar/data/32908/000095012906007493/h38056b5e424b5.htm (9 of 64)8/9/2006 10:53:44 AM


e424b5
Table of Contents
THE OFFERING
Issuer
Weatherford International Ltd.

Guarantor
Weatherford International, Inc. will fully and unconditionally
guarantee the notes. If at any time Weatherford Delaware has no
outstanding debt, as defined in the indenture governing the notes
(exclusive of any guarantee that has a provision substantially
similar to this provision such that by its terms it will be
automatically released and discharged simultaneously with the
release and discharge of this guarantee and exclusive of debt
owed to us and our other subsidiaries), the guarantee will
terminate. Weatherford Delaware's guarantee of the notes will
be reinstated if Weatherford Delaware incurs or guarantees any
debt other than debt to us or our subsidiaries. Please read
"Description of the Notes -- The Guarantee."

Notes Offered
$600,000,000 aggregate principal amount of 6.50% Senior Notes
due 2036.

Maturity Date
August 1, 2036

Interest Rate
The notes will bear interest at the rate of 6.50% per year from
August 7, 2006 to, but excluding, August 1, 2036.

Interest Payment Dates
February 1 and August 1 of each year, beginning February 1,
2007. Interest payments will be made to the person in whose
name the notes are registered on January 15 and July 15
immediately preceding the applicable interest payment date.

Covenants
We will issue the notes under an indenture entered into with
Deutsche Bank Trust Company Americas, as trustee, dated
October 1, 2003. The indenture contains limitations on, among
other things, our ability to:

· incur indebtedness secured by certain liens; and

· engage in certain sale-leaseback transactions.

The notes will contain certain events of default, including cross-
default provisions on certain other indebtedness.

Optional Redemption
We may redeem the notes at our option, in whole or in part, at
any time, at the redemption price described in "Description of
Notes -- Optional Redemption."

http://www.sec.gov/Archives/edgar/data/32908/000095012906007493/h38056b5e424b5.htm (10 of 64)8/9/2006 10:53:44 AM


Document Outline