{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-017832","form_type":"8-K","ticker":"NBR","cik":"0001163739","company_name":"NABORS INDUSTRIES LTD","filed_at":"2023-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.009215+00:00","generated_at":"2026-06-19T17:34:43.679557+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Nabors prices $225M 1.75% exchangeable notes due 2029 to refinance 9% debt","bullets":["$225M principal, 1.75% coupon, due June 15, 2029; initial purchasers have 30-day option for additional $25M.","Initial exchange rate 4.7056 shares per $1,000 principal ($212.51/share), a 22.5% premium over $173.48 closing price.","Proceeds to redeem all outstanding 9.00% senior priority guaranteed notes due Feb 2025; excess for general corporate purposes.","Closing expected Feb 14, 2023; notes are unsecured and fully guaranteed by Nabors Industries Ltd."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-017832","json":"https://secwatch.observer/filing/0001104659-23-017832.json","markdown":"https://secwatch.observer/filing/0001104659-23-017832.md","text":"https://secwatch.observer/filing/0001104659-23-017832.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163739/000110465923017832/0001104659-23-017832-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163739/000110465923017832/tm235194d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T17:34:43.679557+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f3d79c4eda5be8ccc8d94f00011980772d05d3e7","claim":"NABORS INDUSTRIES LTD entered into Purchase Agreement with the initial purchasers named in the Purchase Agreement valued at $225,000,000 aggregate principal amount (effective 2023-02-09).","evidence_excerpt":"On February 9, 2023, Nabors Industries, Inc. (“NII”), a wholly owned subsidiary of Nabors Industries Ltd. (“NIL”), and NIL entered into a purchase agreement (the “Purchase Agreement”) under which NII agreed to sell $225,000,000 aggregate principal amount of its 1.750% Exchangeable Senior Notes due June 15, 2029 (the “Exchangeable Notes”) to the initial purchasers named in the Purchase Agreement (the “Initial Purchasers”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163739/000110465923017832/0001104659-23-017832-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the initial purchasers named in the Purchase Agreement"},{"label":"Value","value":"$225,000,000 aggregate principal amount"},{"label":"Effective","value":"2023-02-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}