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PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE 424(B)(3)
(TO PROSPECTUS DATED SEPTEMBER 14, 2000) REGISTRATION NO. 333-44272
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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 December 6, 2000, the last reported sales price for our common stock
on the New York Stock Exchange was $36 1/4 per share.
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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.
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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.
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The date of this Prospectus Supplement is December 7, 2000.
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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. 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.
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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)
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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
Bankers Trust Company, Trustee for
Daimler Chrysler Corp. Emp. #1
Pension Plan Dtd. 4/1/89........... 5,555,000 * 5,555,000 55,533 55,533
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
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<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)
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Clinton Riverside Convertible
Portfolio Limited.................. 5,000,000 * 5,000,000 49,985 49,985
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
Franklin and Marshall College........ 375,000 * 375,000 3,748 3,748
Gaia Offshore Master Fund Ltd........ 10,000,000 1.1 10,000,000 99,970 99,970
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
J.P. Morgan Securities, Inc.......... 13,000,000 1.4 13,000,000 129,961 129,961
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
Morgan Stanley Dean Witter
Convertible Securities Trust....... 5,000,000 * 5,000,000 49,985 49,985
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
Penn Treaty Network America Insurance
Company............................ 450,000 * 450,000 4,498 4,498
Peoples Benefit Life Insurance
Company............................ 5,000,000 * 5,000,000 49,985 49,985
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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)
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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
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
State Street Bank, Custodian for GE
Pension Trust...................... 2,745,000 * 2,745,000 27,441 27,441
Structured Enhanced Trust Securities
No. 2000-12(6)..................... 109,000,000 12 109,000,000 1,089,673 1,089,673
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(7)......................... 75,000,000 8.2 75,000,000 749,775 749,775
UBS Warburg LLC(8)................... 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
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* 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 Deutsche Bank Securities, Inc. beneficially
owns 1.1% of the common stock, and Structured Enhanced Trust Securities No.
2000-12 beneficially owns 1.0% 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 Structured Enhanced Trust Securities No. 2000-12 is c/o The
Chase Manhattan Bank, 600 Travis, 50th Floor, Houston, Texas 77002.
(7) The address of UBS O'Connor LLC F/b/o UBS Global Equity Arbitrage Master
Limited is 141 Jackson Blvd, Chicago, Illinois 60604.
(8) 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.
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