Nabors Prices $700 million in Senior Priority Guaranteed Notes

HAMILTON, Bermuda, Nov. 4, 2025 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) ("Nabors") today announced that Nabors Industries, Inc. ("NII") has priced $700 million in aggregate principal amount of senior priority guaranteed notes due 2032 (the "Notes"). The offering was upsized from the $550 million in aggregate principal amount of Notes that Nabors had announced earlier today. The Notes will bear interest at an annual rate of 7.625% and are being offered to investors at an initial price of 100.0% of par. 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). The sale of the Notes to the initial purchasers is expected to close on November 10, 2025, subject to customary closing conditions, and is expected to result in approximately $690.2 million in net proceeds to Nabors after deducting the discount to initial purchasers.

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