Recovery Boost
A CRT Case Study for SCI's Market Intelligence Subscribers
In this article, the first in a new series of SCI CRT Case Studies, SCI explores the reasons that led to Weatherford
International’s restructuring and the high recoveries on its revolvers, as well as the company’s future prospects. Weatherford entered a chapter 11 restructuring in 2019 and emerged from it in December of the same
year with 100% recoveries on the revolvers. The latter was positive for the capital relief trades market, given that those revolvers were
referenced in an SRT deal.