Nabors Announces Offering of $550 Million Senior Priority Guaranteed Notes

Provided By PR Newswire

Last update: Nov 15, 2023

HAMILTON, Bermuda, Nov. 15, 2023 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) ("Nabors") announced today that Nabors Industries, Inc. ("NII"), its indirect wholly-owned subsidiary, has commenced an offering of $550 million senior priority guaranteed notes due 2030 (the "Notes"). The Notes will be fully and unconditionally guaranteed by Nabors and certain of Nabors' indirect wholly-owned subsidiaries which also guarantee the Existing Senior Priority Guaranteed Notes (as defined below).