Obbligazione Weatherford Global Ltd 5.5% ( US947076AB16 ) in USD

Emittente Weatherford Global Ltd
Prezzo di mercato 100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US947076AB16 ( in USD )
Tasso d'interesse 5.5% per anno ( pagato 2 volte l'anno)
Scadenza 15/02/2016 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Weatherford International Ltd US947076AB16 in USD 5.5%, scaduta


Importo minimo 1 000 USD
Importo totale 350 000 000 USD
Cusip 947076AB1
Standard & Poor's ( S&P ) rating BB+ ( Non-investment grade speculative )
Moody's rating Ba1 ( Non-investment grade speculative )
Descrizione dettagliata Weatherford International Ltd è una società 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.

Il mercato obbligazionario ha recentemente assistito alla conclusione di un'emissione significativa relativa al titolo obbligazionario con codice ISIN US947076AB16 e CUSIP 947076AB1, emesso da Weatherford International Ltd. Weatherford International Ltd, una società con sede negli Stati Uniti, si distingue come fornitore globale di prodotti e servizi per l'industria petrolifera e del gas, operando in diversi settori che vanno dalla perforazione alla produzione e valutazione, offrendo soluzioni tecnologiche e operative essenziali per il settore energetico mondiale, il che la posiziona come un attore rilevante nel panorama industriale globale. Questa obbligazione, denominata in Dollari USA (USD) e giunta a scadenza il 15 febbraio 2016, è stata regolarmente rimborsata al 100% del suo valore nominale, confermando l'adempimento degli impegni dell'emittente. Al momento dell'emissione, il titolo prevedeva un tasso di interesse del 5.5%, con pagamenti semestrali, garantendo un flusso cedolare regolare agli investitori. L'emissione totale ammontava a 350.000.000 di USD, con un taglio minimo di acquisto di 1.000 USD. La qualità creditizia dell'emittente al momento dell'emissione e durante la vita del titolo è stata valutata dalle principali agenzie di rating: Standard & Poor's (S&P) ha assegnato un rating BB+, mentre Moody's ha attribuito Ba1. Entrambe le valutazioni, pur essendo di poco inferiori al grado di investimento ("non-investment grade" o "speculative grade"), indicavano un certo livello di rischio per gli investitori rispetto ai titoli "investment grade", ma comunque prossime a tale soglia. Il regolare rimborso alla scadenza ha così concluso la vita finanziaria di questo strumento di debito.







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424B2 1 h32676d2e424b2.htm WEATHERFORD INTERNATIONAL LTD. - 333-116655
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Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration No. 333-116655
Prospectus Supplement
February 14, 2006
(To prospectus dated July 7, 2004)
$350,000,000

Weatherford International Ltd.
5.50% Senior Notes due 2016
Fully and Unconditionally Guaranteed By Weatherford International,
Inc.

We will pay interest on the notes on February 15 and August 15 of each year, beginning August 15, 2006. The
notes will mature on February 15, 2016. 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.
Investing in the notes involves risks. Please read "Risk Factors" beginning on page S-6 of this prospectus
supplement and page 6 of the accompanying prospectus.













Per Note

Total

Public offering price(1)


99.575%

$
348,512,500

Underwriting discount


.650%

$
2,275,000

Proceeds, before expenses, to us


98.925%

$
346,237,500

(1)
Plus accrued interest from February 17, 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
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February 17, 2006.
Joint Book-Running Managers
Banc of America Securities LLC
Morgan Stanley & Co. Incorporated
UBS Investment Bank
Co-Manager
Merrill Lynch & Co.
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TABLE OF CONTENTS






Prospectus Supplement
About This Prospectus Supplement


S-ii
Where You Can Find More Information


S-iii
Prospectus Supplement Summary


S-1
Risk Factors


S-6
Use of Proceeds


S-8
Capitalization


S-9
Ratios of Earnings to Fixed Charges


S-10
Unaudited Pro Forma Condensed Combined Financial Information


S-10
Description of Notes


S-15
Book-Entry, Delivery and Form


S-19
Underwriting


S-21
Legal Matters


S-22
Experts


S-23
Prospectus
About This Prospectus


1
Where You Can Find More Information


2
Forward-Looking Statements


3
Weatherford International Ltd.


5
Weatherford International, Inc.


5
Risk Factors


6
Use of Proceeds


9
Ratios of Earnings to Fixed Charges


10
Description of Our Debt Securities


11
Description of Weatherford Delaware's Debt Securities


19
Description of Share Capital


20
Description of Warrants


24
Description of Units


25
Certain Tax Considerations


26
Plan of Distribution


37
Legal Matters


39
Experts


39
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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.
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
and the accompanying prospectus. 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, 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
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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 (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, 2004 filed with the SEC on March 11, 2005;


· the amendment, on Form 10-K/ A, to our annual report for the year ended December 31, 2004 filed with the
SEC on June 14, 2005;


· our quarterly report on Form 10-Q for the quarter ended March 31, 2005 filed with the SEC on May 6, 2005;


· our quarterly report on Form 10-Q for the quarter ended June 30, 2005 filed with the SEC on August 1, 2005;


· our quarterly report on Form 10-Q for the quarter ended September 30, 2005 filed with the SEC on November 9,
2005;


· 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 2005: January 20 and 25, February 18, March 7 and 11,
June 6 (as amended June 9), July 8 and 28, August 29, September 7 (as amended November 2), October 5, 27
and 31, and December 2, 12 and 28; 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.
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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 more than 25,100 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 we may borrow up to $1.2 billion
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. On August 26, 2005, an aggregate of $367.4 million principal amount at maturity of those
debentures were tendered for conversion, at the option of the holders, into an aggregate of approximately
3.7 million of our common shares. We redeemed the remaining $531.6 million aggregate principal amount at
maturity. At the redemption price of $642.91, 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 26 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 in an aggregate amount not to exceed $1.5 billion. In this prospectus, we refer to this program as our "CP
program". We have used the CP program to repay all borrowings under the bridge facility.
On December 9, 2005, we sold 6.75 million shares of Universal Compression Holdings, Inc.'s common
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stock for a net price of $41.00 per share or total net proceeds of $276,750,000, constituting our entire holdings
of Universal.
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.
S-1
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Document Outline