WEATHERFORD INTERNATIONAL INC /NEW/
424B3, 2000-10-02
OIL & GAS FIELD MACHINERY & EQUIPMENT
Previous: EAGLE FOOD CENTERS INC, S-3, EX-23.2, 2000-10-02
Next: FAIR GROUNDS CORP, SC 13E3/A, 2000-10-02



<PAGE>   1

<TABLE>
<S>                                            <C>
PROSPECTUS SUPPLEMENT                                       FILED PURSUANT TO RULE 424(B)(3)
(TO PROSPECTUS DATED SEPTEMBER 14, 2000)                          REGISTRATION NO. 333-44272
</TABLE>

                        WEATHERFORD INTERNATIONAL, INC.

                                  $910,000,000
               ZERO COUPON CONVERTIBLE SENIOR DEBENTURES DUE 2020

                        9,097,270 SHARES OF COMMON STOCK

     This document supplements the prospectus dated September 14, 2000, relating
to the debentures and the shares of common stock issuable upon conversion or
repurchase of the debentures. This prospectus supplement is incorporated by
reference into the prospectus. The information in this prospectus supplement
replaces and supersedes the information set forth under the heading "Selling
Security Holders" in the prospectus dated September 14, 2000. This prospectus
supplement replaces and supercedes all prior prospectus supplements.

     Our common stock is listed on the New York Stock Exchange under the symbol
"WFT." On September 29, 2000, the last reported sales price for our common stock
on the New York Stock Exchange was $43 per share.

                             ---------------------

     WE URGE YOU TO CAREFULLY READ THE "FORWARD-LOOKING STATEMENTS" SECTION
BEGINNING ON PAGE 4 AND THE "RISK FACTORS" SECTION BEGINNING ON PAGE 7 OF THE
PROSPECTUS TOGETHER WITH THIS PROSPECTUS SUPPLEMENT AND THE PROSPECTUS BEFORE
YOU MAKE YOUR INVESTMENT DECISION.

                             ---------------------

     NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.

                             ---------------------

         The date of this Prospectus Supplement is September 29, 2000.
<PAGE>   2

                            SELLING SECURITY HOLDERS

     We originally sold the debentures to Morgan Stanley & Co. Incorporated on
June 30, 2000 in a private placement. Morgan Stanley has advised us that it
resold the debentures in transactions exempt from the registration requirements
of the Securities Act of 1933 to "qualified institutional buyers" (as defined in
Rule 144A under the Securities Act) in compliance with Rule 144A. These
subsequent purchasers (and their respective donees and transferees for no
consideration) may from time to time offer and sell any or all of the debentures
or the common stock issuable on conversion of the debentures pursuant to this
prospectus.

     The debentures and the common stock to be offered and sold using this
prospectus are being registered pursuant to a registration rights agreement
between us and Morgan Stanley. In that agreement, we undertook to file a
registration statement with regard to the debentures and common stock and,
subject to certain exceptions, to keep that registration statement effective for
up to two years. The registration statement to which this prospectus relates is
intended to satisfy our obligations under that agreement.

     The selling security holders named below have advised us that they
currently intend to sell the debentures and common stock set forth below
pursuant to this prospectus. Additional selling security holders may choose to
sell debentures and common stock from time to time upon notice to us. See "Plan
of Distribution".

     Before a security holder may use this prospectus in connection with an
offering of securities, this prospectus will be supplemented to include the name
and amount of debentures and common stock beneficially owned by the selling
security holder and the amount of debentures and common stock to be offered. Any
prospectus supplement will also disclose whether any selling security holder
selling in connection with that prospectus supplement has held any position,
office or other material relationship with us or any of our predecessors or
affiliates during the three years prior to the date of the prospectus
supplement.

     The following table is based solely on information provided by the selling
security holders. This information represents the most current information
provided to us by security holders until the date of this prospectus. Some
security holders may have reduced or increased their positions in the debentures
from the amounts shown below and not yet informed us of the change. In that
case, the amounts shown below may total more or less than $910,000,000. To the
extent the total of the amounts of debentures beneficially owned shown below is
less than $910,00,000, the shortfall represents amounts beneficially owned but
not yet reported to us. To the extent such total exceeds $910,000,000, such
total includes duplicative amounts. In no case will more than $910,000,000
aggregate principal amount at maturity of debentures be sold using this
prospectus and all supplements to this prospectus.

<TABLE>
<CAPTION>
                                                                                       NUMBER OF
                                                                                       SHARES OF      NUMBER OF
                                        AMOUNT OF     PERCENTAGE OF                      COMMON       SHARES OF
                                        DEBENTURES     DEBENTURES       AMOUNT OF        STOCK         COMMON
                                       BENEFICIALLY   BENEFICIALLY    DEBENTURES TO   BENEFICIALLY   STOCK TO BE
SELLING SECURITY HOLDER                   OWNED           OWNED        BE SOLD (1)     OWNED (2)       SOLD(1)
-----------------------                ------------   -------------   -------------   ------------   -----------
<S>                                    <C>            <C>             <C>             <C>            <C>
Allstate Life Insurance Company......  $  8,500,000          *        $  8,500,000       385,974         84,974
Arbitex Master Fund, L.P.............     5,000,000          *           5,000,000        49,985         49,985
Aristeia International, Ltd..........    11,160,000        1.2%         11,160,000       111,566        111,566
Aristeia Trading L.P.................     6,840,000          *           6,840,000        68,379         68,379
Banc of America Securities LLC.......    25,000,000        2.7          25,000,000       249,925        249,925
BBT Fund, L.P........................     2,000,000          *           2,000,000        19,994         19,994
Bear, Stearns & Co., Inc. ...........    24,500,000        2.7          24,500,000       244,926        244,926
Black Diamond Offshore, Ltd..........     6,651,000          *           6,651,000        66,490         66,490
CFFX, LLC............................     7,000,000          *           7,000,000        69,979         69,979
Chrysler Corporation Master
  Retirement Trust...................     4,010,000          *           4,010,000        40,087         40,087
Clinton Riverside Convertible
  Portfolio Limited..................     5,000,000          *           5,000,000        49,985         49,985
</TABLE>

                                       S-1
<PAGE>   3

<TABLE>
<CAPTION>
                                                                                       NUMBER OF
                                                                                       SHARES OF      NUMBER OF
                                        AMOUNT OF     PERCENTAGE OF                      COMMON       SHARES OF
                                        DEBENTURES     DEBENTURES       AMOUNT OF        STOCK         COMMON
                                       BENEFICIALLY   BENEFICIALLY    DEBENTURES TO   BENEFICIALLY   STOCK TO BE
SELLING SECURITY HOLDER                   OWNED           OWNED        BE SOLD (1)     OWNED (2)       SOLD(1)
-----------------------                ------------   -------------   -------------   ------------   -----------
<S>                                    <C>            <C>             <C>             <C>            <C>
Conseco Annuity Assurance Company
  Multi-Bucket Annuity Convertible
  Bond Fund..........................     5,000,000          *           5,000,000        49,985         49,985
Conseco Fund Group Convertible
  Securities Fund....................     2,000,000          *           2,000,000        19,994         19,994
Conseco Health Insurance Company
  Convertible........................       500,000          *             500,000         4,998          4,998
Conseco Senior Health Insurance
  Company Convertible................       500,000          *             500,000         4,998          4,998
Deephaven Domestic Convertible
  Trading Ltd........................    21,000,000        2.3          21,000,000       209,937        209,937
Deeprock & Co........................     5,000,000          *           5,000,000        49,985         49,985
Delta Air Lines Master Trust (c/o
  Oaktree Capital Management, LLC)...     1,830,000          *           1,830,000        18,294         18,294
Deutsche Bank Securities, Inc.(3)....   116,175,000       12.8         116,175,000     1,161,401      1,161,401
Double Black Diamond Offshore, LDC...    27,065,000        3.0          27,065,000       270,568        270,568
Forest Alternative Strategies Fund II
  LP A5M.............................       780,000          *             780,000         7,797          7,797
Forest Convertible Fund..............       560,000          *             560,000         5,598          5,598
Forest Fulcrum Fund LP...............     1,180,000          *           1,180,000        11,796         11,796
Forest Global Convertible Fund(3)....    31,950,000        3.5          31,950,000       319,404        319,404
Forest Performance Fund LP...........       780,000          *             780,000         7,797          7,797
Goldman Sachs and Company............     6,500,000          *           6,500,000        64,980         64,980
Granville Capital Corporation........    25,000,000        2.7          25,000,000       249,925        249,925
Highbridge International LLC(4)......    57,000,000        6.3          57,000,000       569,829        569,829
Jersey (IMA) Ltd.....................     1,800,000          *           1,800,000        17,994         17,994
KBC Financial Products...............     7,000,000          *           7,000,000        69,979         69,979
Kentfield Trading, Ltd...............     7,125,000          *           7,125,000        71,228         71,228
Libertyview Funds L.P................     8,000,000          *           8,000,000        79,976         79,976
LLT Limited..........................     4,870,000          *           4,870,000        48,685         48,685
Lutheran Brotherhood.................     7,000,000          *           7,000,000       102,819         69,979
Lydian Overseas Partners-Master
  Fund(5)............................    45,500,000        5.0          45,500,000       454,863        454,863
Lyxer Master Fund....................    34,800,000        3.8          34,800,000       347,895        347,895
McMahan Securities Co. L.P...........     2,000,000          *           2,000,000        19,994         19,994
Merrill, Lynch, Pierce, Fenner and
  Smith, Inc.........................    18,500,000        2.0          18,500,000       184,944        184,944
Morgan Stanley & Co.
  Incorporated.......................    26,000,000        2.9          26,000,000       283,906        259,922
Motion Picture Industry Health
  Plan -- Active Member Fund.........       590,000          *             590,000         5,898          5,898
Motion Picture Industry Health
  Plan -- Retiree Member Fund........       290,000          *             290,000         2,899          2,899
OCM Convertible Trust................     1,695,000          *           1,695,000        16,944         16,944
Partner Reinsurance Company Ltd......       985,000          *             985,000         9,847          9,847
Peoples Benefit Life Insurance
  Company............................     5,000,000          *           5,000,000        49,985         49,985
Peoples Benefit Life Insurance
  Company (Teamsters Separate
  Account)...........................    20,000,000        2.2          20,000,000       199,940        199,940
RBC Capital Services Inc. ...........       623,000          *             623,000         6,228          6,228
Retail Clerks Pension Trust..........     5,000,000          *           5,000,000        49,985         49,985
Sagamore Hill Hubb Fund LTD..........    15,000,000        1.6          15,000,000       149,955        149,955
SG Cowan Securities Corp.............     5,000,000          *           5,000,000        49,985         49,985
Spear, Leeds & Kellogg...............     4,000,000          *           4,000,000        39,988         39,988
St. Albans Partners Ltd..............    10,000,000        1.1          10,000,000        99,970         99,970
St. Thomas Trading, Ltd..............       375,000          *             375,000         3,748          3,748
</TABLE>

                                       S-2
<PAGE>   4

<TABLE>
<CAPTION>
                                                                                       NUMBER OF
                                                                                       SHARES OF      NUMBER OF
                                        AMOUNT OF     PERCENTAGE OF                      COMMON       SHARES OF
                                        DEBENTURES     DEBENTURES       AMOUNT OF        STOCK         COMMON
                                       BENEFICIALLY   BENEFICIALLY    DEBENTURES TO   BENEFICIALLY   STOCK TO BE
SELLING SECURITY HOLDER                   OWNED           OWNED        BE SOLD (1)     OWNED (2)       SOLD(1)
-----------------------                ------------   -------------   -------------   ------------   -----------
<S>                                    <C>            <C>             <C>             <C>            <C>
State Employees' Retirement Fund of
  the State of Delaware..............     2,030,000          *           2,030,000        20,293         20,293
State of Connecticut Combined
  Investment Funds...................     4,495,000          *           4,495,000        44,936         44,936
Sylvan IMA Ltd.......................    12,530,000        1.4          12,530,000       125,262        125,262
Teachers Insurance and Annuity
  Association........................    11,000,000        1.2          11,000,000       109,967        109,967
UBS O'Connor LLC F/b/o UBS Global
  Equity Arbitrage Master
  Limited(6).........................    75,000,000        8.2          75,000,000       749,775        749,775
UBS Warburg LLC(7)...................    66,500,000        7.3          66,500,000       664,800        664,800
Vanguard Convertible Securities
  Fund, Inc..........................     6,075,000          *           6,075,000        60,731         60,731
White River Securities L.L.C.........    24,500,000        2.7          24,500,000       244,926        244,926
Wilmington Trust Company, as Owner
  and Trustee for the Forrestal
  Funding Master Trust...............    10,000,000        1.1          10,000,000        99,970         99,970
Worldwide Transactions, Ltd..........     1,284,000          *           1,284,000        12,836         12,836
Zurich HRF Master Hedge Fund.........       280,000          *             280,000         2,799          2,799
</TABLE>

---------------

  * Less than 1%

(1) Because a selling security holder may sell all or a portion of the
    debentures and common stock pursuant to this prospectus, no estimate can be
    given as to the number or percentage of debentures and common stock that the
    selling security holder will hold upon termination of any sales.

(2) Includes shares of common stock issuable upon conversion of the debentures.
    None of the selling security holders beneficially owns one percent or more
    of the common stock, except that Morgan Stanley & Co. beneficially owns 1.3%
    of the common stock, and Deutsche Bank Securities, Inc. beneficially owns
    1.1% of the common stock.

(3) The address of Deutsche Bank Securities is 1251 Avenue of the Americas, 26th
    Floor, New York, New York 10020.

(4) The address of Highbridge International LLC is 767 5(th) Ave, 23(rd) Floor,
    New York, New York 10153.

(5) The address of Lydian Overseas Partners-Master Fund is c/o Lydian Asset
    Management L.P., 101 East 52nd Street, 36th Floor, New York, New York 10022.

(6) The address of UBS O'Connor LLC F/b/o UBS Global Equity Arbitrage Master
    Limited is 141 Jackson Blvd, Chicago, Illinois 60604.

(7) The address of UBS Warburg LLC is 677 Washington Blvd., 9-N, Stamford, CT
    06901.

     None of the selling security holders named above has, within the past three
years, held any position, office or other material relationship with us or any
of our predecessors or affiliates, except as noted above.

                                       S-3


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission