Filed Pursuant to Rule 433
Registration No. 333-135244
Registration No. 333-135244
Final Term Sheet
August 2, 2006
August 2, 2006
Issuer:
|
Weatherford International Ltd. (Bloomberg Ticker: “WFT”) | |
Securities:
|
6.50% Senior Notes due 2036, guaranteed by Weatherford International, Inc. | |
Aggregate Principal Amount Offered: |
US$600,000,000 | |
Ratings:
|
Baa1/BBB+ | |
Format:
|
SEC registered (global) (No. 333-135244) | |
CUSIP No.
|
947075 AB 3 | |
Maturity:
|
August 1, 2036 | |
Trade Date:
|
August 2, 2006 | |
Expected Settlement:
|
August 7, 2006 | |
Price To Public:
|
$595,704,000: 99.284% of principal amount | |
Yield:
|
6.555% | |
Spread:
|
+143 basis points over Benchmark Treasury | |
Benchmark Treasury Spot:
|
103-15 | |
Benchmark Treasury:
|
5.375% due February 15, 2031 | |
Coupon:
|
6.50% per year (payable semi-annually) from August 7, 2006 to but excluding August 1, 2036 | |
Interest Payment Dates:
|
February 1 and August 1, beginning February 1, 2007 | |
Make Whole Call At Any Time:
|
the greater of 100% of principal amount or discounted present value at Adjusted Treasury Rate +0.25% |
|
Denominations:
|
$1,000 and multiples of $1,000 | |
Books:
|
Banc of America Securities LLC, Morgan Stanley & Co. Incorporated, UBS Securities LLC |
|
Co-Managers:
|
Merrill Lynch & Co. Simmons & Company International |
The issuer has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus in
that registration statement and other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents for free by visiting
EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the prospectus if you request it by calling
Morgan Stanley & Co. Incorporated toll-free 1-866-718-1649.