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Weatherford Weatherford Announces Third Quarter 2021 Results • Revenues of $ 945 million increased 5 % sequentially driven by a 6 % increase in service revenues Exhibit 99.1 News Release • • • Operating income totaled $ 71 million and adjusted EBITDA [ ¹ ] totaled $ 179 million or 19 % adjusted EBITDA margins Cash provided by operating activities of $ 114 million and free cash flow [ 1 ] of $ 111 million Restructured and reduced our debt capital о Redeemed $ 200 million of our unsecured 11.00 % Exit Notes ° Issued 6.5 % Senior Secured Notes of $ 500 million due 2028 , refinancing our 8.75 % 2024 Senior Secured Issued 8.625 % Senior Notes of $ 1.6 billion , refinanced the same amount of our 11.00 % Exit Notes , extending maturity from 2024 to 2030