SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

 

 

Weatherford International plc

(Name of Issuer)

 

 

Ordinary Shares, $0.001 par value

(Title of Class of Securities)

 

 

G48833118

(CUSIP Number)

 

 

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

Check the following box to designate the rule pursuant to which the Schedule is filed:

 

¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. G48833118

 

  1.

Names of Reporting Persons

D. E. Shaw Galvanic Portfolios, L.L.C.

 

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
   

(b)

 

¨
  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

Delaware

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

 

-0-

      6.

Shared Voting Power

4,727,5131

 

      7.

Sole Dispositive Power

-0-

 

      8.

Shared Dispositive Power

4,727,5131

 

  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

4,727,5131

 

  10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

  11.

Percent of Class Represented by Amount in Row (9)

6.7%2

 

  12.

Type of Reporting Person (See Instructions)

OO

 

 

1 Includes warrants exercisable into 188,758 Ordinary Shares.

2 This percentage figure is based upon 70,350,443 Ordinary Shares outstanding, consisting of: (i) 70,161,685 Ordinary Shares outstanding as of October 20, 2021, as reported in the Issuer’s Form 10-Q filed with the SEC on November 2, 2021, and (ii) 188,758 Ordinary Shares issuable upon exercise of warrants.

 

 

 

 

CUSIP No. G48833118

 

  1.

Names of Reporting Persons

D. E. Shaw Manager II, L.L.C.

 

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
   

(b)

 

¨
  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

Delaware

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

 

-0-

      6.

Shared Voting Power

4,727,5131

 

      7.

Sole Dispositive Power

-0-

 

      8.

Shared Dispositive Power

4,727,5131

 

  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

4,727,5131

 

  10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

  11.

Percent of Class Represented by Amount in Row (9)

6.7%2

 

  12.

Type of Reporting Person (See Instructions)

OO

 

 

1 Includes warrants exercisable into 188,758 Ordinary Shares.

2 This percentage figure is based upon 70,350,443 Ordinary Shares outstanding, consisting of: (i) 70,161,685 Ordinary Shares outstanding as of October 20, 2021, as reported in the Issuer’s Form 10-Q filed with the SEC on November 2, 2021, and (ii) 188,758 Ordinary Shares issuable upon exercise of warrants.

 

 

 

 

CUSIP No. G48833118

 

  1.

Names of Reporting Persons

D. E. Shaw Adviser II, L.L.C.

 

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
   

(b)

 

¨
  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

Delaware

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

 

-0-

      6.

Shared Voting Power

4,727,5131

 

      7.

Sole Dispositive Power

-0-

 

      8.

Shared Dispositive Power

4,727,5131

 

  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

4,727,5131

 

  10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

  11.

Percent of Class Represented by Amount in Row (9)

6.7%2

 

  12.

Type of Reporting Person (See Instructions)

IA

 

 

1 Includes warrants exercisable into 188,758 Ordinary Shares.

2 This percentage figure is based upon 70,350,443 Ordinary Shares outstanding, consisting of: (i) 70,161,685 Ordinary Shares outstanding as of October 20, 2021, as reported in the Issuer’s Form 10-Q filed with the SEC on November 2, 2021, and (ii) 188,758 Ordinary Shares issuable upon exercise of warrants.

 

 

 

 

CUSIP No. G48833118

 

  1.

Names of Reporting Persons

D. E. Shaw & Co., L.L.C.

 

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
   

(b)

 

¨
  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

Delaware

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

 

-0-

      6.

Shared Voting Power

4,727,5131

 

      7.

Sole Dispositive Power

-0-

 

      8.

Shared Dispositive Power

4,727,5131

 

  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

4,727,5131

 

  10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

  11.

Percent of Class Represented by Amount in Row (9)

6.7%2

 

  12.

Type of Reporting Person (See Instructions)

OO

 

 

1 Includes warrants exercisable into 188,758 Ordinary Shares.

2 This percentage figure is based upon 70,350,443 Ordinary Shares outstanding, consisting of: (i) 70,161,685 Ordinary Shares outstanding as of October 20, 2021, as reported in the Issuer’s Form 10-Q filed with the SEC on November 2, 2021, and (ii) 188,758 Ordinary Shares issuable upon exercise of warrants.

 

 

 

 

CUSIP No. G48833118

 

  1.

Names of Reporting Persons

D. E. Shaw & Co., L.P.

 

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
   

(b)

 

¨
  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

Delaware

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

 

-0-

      6.

Shared Voting Power

4,727,5131

 

      7.

Sole Dispositive Power

-0-

 

      8.

Shared Dispositive Power

4,727,5131

 

  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

4,727,5131

 

  10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

  11.

Percent of Class Represented by Amount in Row (9)

6.7%2

 

  12.

Type of Reporting Person (See Instructions)

IA, PN

 

 

1 Includes warrants exercisable into 188,758 Ordinary Shares.

2 This percentage figure is based upon 70,350,443 Ordinary Shares outstanding, consisting of: (i) 70,161,685 Ordinary Shares outstanding as of October 20, 2021, as reported in the Issuer’s Form 10-Q filed with the SEC on November 2, 2021, and (ii) 188,758 Ordinary Shares issuable upon exercise of warrants.

 

 

 

 

CUSIP No. G48833118

 

  1.

Names of Reporting Persons

David E. Shaw

 

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
   

(b)

 

¨
  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

United States

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

 

-0-

      6.

Shared Voting Power

4,727,5131

 

      7.

Sole Dispositive Power

-0-

 

      8.

Shared Dispositive Power

4,727,5131

 

  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

4,727,5131

 

  10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

  11.

Percent of Class Represented by Amount in Row (9)

6.7%2

 

  12.

Type of Reporting Person (See Instructions)

IN

 

 

1 Includes warrants exercisable into 188,758 Ordinary Shares.

2 This percentage figure is based upon 70,350,443 Ordinary Shares outstanding, consisting of: (i) 70,161,685 Ordinary Shares outstanding as of October 20, 2021, as reported in the Issuer’s Form 10-Q filed with the SEC on November 2, 2021, and (ii) 188,758 Ordinary Shares issuable upon exercise of warrants.

 

 

 

 

Item 1.
(a) Name of Issuer
   

  Weatherford International plc

   
(b) Address of Issuer's Principal Executive Offices
   

  2000 St. James Place

  Houston, TX 77056

   
Item 2.
(a) Name of Person Filing
   

  D. E. Shaw Galvanic Portfolios, L.L.C.

  D. E. Shaw Manager II, L.L.C.

  D. E. Shaw Adviser II, L.L.C.

  D. E. Shaw & Co., L.L.C.

  D. E. Shaw & Co., L.P.

  David E. Shaw 

   
(b) Address of Principal Business Office or, if none, Residence
   

  The business address for each reporting person is:

  1166 Avenue of the Americas, 9th Floor

  New York, NY 10036

   
(c) Citizenship
   

  D. E. Shaw Galvanic Portfolios, L.L.C. is a limited liability company organized under the laws of the state of Delaware.

  D. E. Shaw Manager II, L.L.C. is a limited liability company organized under the laws of the state of Delaware.

  D. E. Shaw Adviser II, L.L.C. is a limited liability company organized under the laws of the state of Delaware.

  D. E. Shaw & Co., L.L.C. is a limited liability company organized under the laws of the state of Delaware.

  D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware. 

  David E. Shaw is a citizen of the United States of America. 

   
(d) Title of Class of Securities
   

  Ordinary Shares, $0.001 par value

   
(e) CUSIP Number
   

  G48833118

   
Item 3.

If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

 

Not Applicable

 

Item 4.

Ownership

 

As of December 31, 2021:

 

(a) Amount beneficially owned:  
     
  D. E. Shaw Galvanic Portfolios, L.L.C.:

4,727,513 shares

This is composed of (i) 4,538,755 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C. and (ii) 188,758 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire upon exercise of warrants.

     
  D. E. Shaw Manager II, L.L.C.:

4,727,513 shares

This is composed of (i) 4,538,755 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C. and (ii) 188,758 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire upon exercise of warrants.

     
  D. E. Shaw Adviser II, L.L.C.:

4,727,513 shares

This is composed of (i) 4,538,755 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C. and (ii) 188,758 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire upon exercise of warrants.

 

 

 

 

 

D. E. Shaw & Co., L.L.C.:

4,727,513 shares

This is composed of (i) 4,538,755 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C. and (ii) 188,758 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire upon exercise of warrants.

     
  D. E. Shaw & Co., L.P.:

4,727,513 shares

This is composed of (i) 4,538,755 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C. and (ii) 188,758 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire upon exercise of warrants.

     
  David E. Shaw:

4,727,513 shares

This is composed of (i) 4,538,755 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C. and (ii) 188,758 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire upon exercise of warrants.

 

(b)Percent of class:

  D. E. Shaw Galvanic Portfolios, L.L.C.: 6.7%
  D. E. Shaw Manager II, L.L.C.: 6.7%
  D. E. Shaw Adviser II, L.L.C.:

6.7%

  D. E. Shaw & Co., L.L.C.: 6.7%
  D. E. Shaw & Co., L.P.: 6.7%
  David E. Shaw:

6.7%

 

(c)Number of shares to which the person has:
(i)Sole power to vote or to direct the vote:

  D. E. Shaw Galvanic Portfolios, L.L.C.: -0- shares
  D. E. Shaw Manager II, L.L.C.: -0- shares
  D. E. Shaw Adviser II, L.L.C.: -0- shares
  D. E. Shaw & Co., L.L.C.: -0- shares
  D. E. Shaw & Co., L.P.:

-0- shares

  David E. Shaw:

-0- shares

 

(ii)Shared power to vote or to direct the vote:

  D. E. Shaw Galvanic Portfolios, L.L.C.: 4,727,513 shares
  D. E. Shaw Manager II, L.L.C.: 4,727,513 shares
  D. E. Shaw Adviser II, L.L.C.: 4,727,513 shares
  D. E. Shaw & Co., L.L.C.: 4,727,513 shares
  D. E. Shaw & Co., L.P.:

4,727,513 shares

  David E. Shaw:

4,727,513 shares

 

(iii)Sole power to dispose or to direct the disposition of:
  D. E. Shaw Galvanic Portfolios, L.L.C.: -0- shares
  D. E. Shaw Manager II, L.L.C.: -0- shares
  D. E. Shaw Adviser II, L.L.C.: -0- shares
  D. E. Shaw & Co., L.L.C.: -0- shares
  D. E. Shaw & Co., L.P.:

-0- shares

  David E. Shaw:

-0- shares

 

(iv)Shared power to dispose or to direct the disposition of:
  D. E. Shaw Galvanic Portfolios, L.L.C.: 4,727,513 shares
  D. E. Shaw Manager II, L.L.C.: 4,727,513 shares
  D. E. Shaw Adviser II, L.L.C.: 4,727,513 shares
  D. E. Shaw & Co., L.L.C.: 4,727,513 shares
  D. E. Shaw & Co., L.P.:

4,727,513 shares

  David E. Shaw:

4,727,513 shares

 

 

 

 

David E. Shaw does not own any shares directly. By virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the managing member of D. E. Shaw Adviser II, L.L.C., which in turn is the investment adviser of D. E. Shaw Galvanic Portfolios, L.L.C., and by virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the managing member of D. E. Shaw Manager II, L.L.C., which in turn is the manager of D. E. Shaw Galvanic Portfolios, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of, and the shared power to dispose or direct the disposition of, the 4,727,513 shares as described above constituting 6.7% of the outstanding shares and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 4,727,513 shares.

 

Item 5. Ownership of Five Percent or Less of a Class

Not Applicable

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not Applicable

 

Item 8. Identification and Classification of Members of the Group

Not Applicable

 

Item 9. Notice of Dissolution of Group

Not Applicable

 

Item 10. Certification

Not Applicable

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Powers of Attorney, dated March 1, 2017, granted by David E. Shaw in favor of Nathan Thomas, are attached hereto.

 

Dated: February 14, 2022

  

  D. E. Shaw Galvanic Portfolios, L.L.C.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Authorized Signatory
   
   
  D. E. Shaw Manager II, L.L.C.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Authorized Signatory
   
   
  D. E. Shaw Adviser II, L.L.C.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Chief Compliance Officer
     
   
 

D. E. Shaw & Co., L.L.C.

   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Authorized Signatory
   
   
  D. E. Shaw & Co., L.P.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Chief Compliance Officer
     
     
  David E. Shaw
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Attorney-in-Fact for David E. Shaw

 

 

 

Exhibit 1

 

POWER OF ATTORNEY

FOR CERTAIN REGULATORY FILINGS

INCLUDING CERTAIN FILINGS

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AND THE INVESTMENT ADVISERS ACT OF 1940

 

 

I, David E. Shaw, hereby make, constitute, and appoint each of:

 

Edward Fishman,

 

Julius Gaudio,

 

Martin Lebwohl,

 

Maximilian Stone,

 

David Sweet,

 

Nathan Thomas, and

 

Eric Wepsic,

 

acting individually, as my agent and attorney-in-fact, with full power of substitution, for the purpose of, from time to time, (i) executing in my name and/or my capacity as President of D. E. Shaw & Co., Inc. (acting for itself or as the general partner of D. E. Shaw & Co., L.P. and general partner, managing member, or manager of other entities, any of which in turn may be acting for itself or other entities) all documents, certificates, instruments, statements, other filings, and amendments to the foregoing (collectively, “documents”) determined by such person to be necessary or appropriate to comply with any registration or regulatory disclosure requirements and/or ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, including without limitation Form ADV, Forms 3, 4, 5, and 13F, and Schedules 13D and 13G required to be filed with the United States Securities and Exchange Commission, and (ii) delivering, furnishing, or filing any such documents to or with the appropriate governmental or regulatory authority. Any such determination shall be conclusively evidenced by such person’s execution, delivery, furnishing, and/or filing of the applicable document.

 

This power of attorney shall be valid from the date hereof and replaces the power granted on January 1, 2017, which is hereby cancelled.

 

IN WITNESS HEREOF, I have executed this instrument as of the date set forth below.

 

Date: March 1, 2017

 

DAVID E. SHAW, as President of

D. E. Shaw & Co., Inc.

/s/ David E. Shaw

New York, New York

 

 

 

 

Exhibit 2

 

POWER OF ATTORNEY

FOR CERTAIN REGULATORY FILINGS

INCLUDING CERTAIN FILINGS

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AND THE INVESTMENT ADVISERS ACT OF 1940

 

 

I, David E. Shaw, hereby make, constitute, and appoint each of:

 

Edward Fishman,

 

Julius Gaudio,

 

Martin Lebwohl,

 

Maximilian Stone,

 

David Sweet,

 

Nathan Thomas, and

 

Eric Wepsic,

 

acting individually, as my agent and attorney-in-fact, with full power of substitution, for the purpose of, from time to time, (i) executing in my name and/or my capacity as President of D. E. Shaw & Co. II, Inc. (acting for itself or as the managing member of D. E. Shaw & Co., L.L.C. and general partner, managing member, or manager of other entities, any of which in turn may be acting for itself or other entities) all documents, certificates, instruments, statements, other filings, and amendments to the foregoing (collectively, “documents”) determined by such person to be necessary or appropriate to comply with any registration or regulatory disclosure requirements and/or ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, including without limitation Form ADV, Forms 3, 4, 5, and 13F, and Schedules 13D and 13G required to be filed with the United States Securities and Exchange Commission, and (ii) delivering, furnishing, or filing any such documents to or with the appropriate governmental or regulatory authority. Any such determination shall be conclusively evidenced by such person’s execution, delivery, furnishing, and/or filing of the applicable document.

 

This power of attorney shall be valid from the date hereof and replaces the power granted on January 1, 2017, which is hereby cancelled.

 

IN WITNESS HEREOF, I have executed this instrument as of the date set forth below.

 

Date: March 1, 2017

 

DAVID E. SHAW, as President of

D. E. Shaw & Co. II, Inc.

/s/ David E. Shaw

New York, New York

 

 

 

 

Exhibit 3

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned Reporting Persons hereby agrees to the joint filing, along with all other such Reporting Persons, on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Ordinary Shares, $0.001 par value, of Weatherford International plc, and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

 

IN WITNESS WHEREOF, each of the undersigned hereby executes this Agreement as of this 14th day of February, 2022.

 

 

  D. E. Shaw Galvanic Portfolios, L.L.C.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Authorized Signatory
   
   
  D. E. Shaw Manager II, L.L.C.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Authorized Signatory
   
   
  D. E. Shaw Adviser II, L.L.C.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Chief Compliance Officer
     
   
 

D. E. Shaw & Co., L.L.C.

   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Authorized Signatory
   
   
  D. E. Shaw & Co., L.P.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Chief Compliance Officer
     
     
  David E. Shaw
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Attorney-in-Fact for David E. Shaw