Year in review: Weatherford was Houston’s largest 2019 bankruptcy

Weatherford International PLC, which has its main U.S. office in Houston, filed its $8.34 billion bankruptcy in July and didn’t emerge from the court until December.

The company’s Chapter 11 restructuring cut away about $6.2 billion in debt and put another $2.6 billion in exit financing at Weatherford’s disposal.

The bankruptcy drove Weatherford off of the New York Stock Exchange, but the company is looking to make a return to the public market now that it has completed the bankruptcy process.

The…

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