Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
NABORS INDUSTRIES LTD incurred convertible notes of $250,000,000 aggregate principal amount of 1.750% Exchangeable Senior Notes due 2029 (including $225,000,000 Firm Notes with Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., HSBC Securities (USA) Inc., Academy Securities Inc. and Nomura Securities International, Inc. at 1.750% per annum maturing June 15, 2029.
- Instrument
- convertible notes
- Principal
- $250,000,000 aggregate principal amount of 1.750% Exchangeable Senior Notes due 2029 (including $225,000,000 Firm Notes
- Counterparty
- Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., HSBC Securities (USA) Inc., Academy Securities Inc. and Nomura Securities International, Inc.
- Rate
- 1.750% per annum
- Maturity
- June 15, 2029
- Event
- incurrence
Exact text from the filing
As previously disclosed, 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 “Firm Notes”) to Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., HSBC Securities (USA) Inc., Academy Securities Inc. and Nomura Securities International, Inc. (collectively, the “Initial Purchasers”). In addition, NII granted certain of the Initial Purchasers a 30-day option to purchase up to an additional $25,000,000 in aggregate principal amount of the 1.750% Exchangeable Senior Notes due June 15, 2029 (the “Option Notes” and, together with the Firm Notes, the “Exchangeable Notes”) on the same terms and conditions. This option was exercised in full on February 10, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NABORS INDUSTRIES LTD entered into Indenture with Wilmington Trust, National Association, as trustee (effective 2023-02-14).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Wilmington Trust, National Association, as trustee
- Effective
- 2023-02-14
Exact text from the filing
The Exchangeable Notes were issued pursuant to an indenture, dated as of February 14, 2023 (the “Indenture”), among NII, as issuer, NIL, as guarantor and Wilmington Trust, National Association, as trustee.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NABORS INDUSTRIES LTD entered into Purchase Agreement with Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., HSBC Securities (USA) Inc., Academy Securities Inc. and Nomura Securities International, Inc. (collectively, the "Initial Purchasers") valued at $225,000,000 aggregate principal amount (effective 2023-02-09).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., HSBC Securities (USA) Inc., Academy Securities Inc. and Nomura Securities International, Inc. (collectively, the "Initial Purchasers")
- Value
- $225,000,000 aggregate principal amount
- Effective
- 2023-02-09
Exact text from the filing
NII agreed to sell $225,000,000 aggregate principal amount of its 1.750% Exchangeable Senior Notes due June 15, 2029 (the “Firm Notes”) to Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., HSBC Securities (USA) Inc., Academy Securities Inc. and Nomura Securities International, Inc. (collectively, the “Initial Purchasers”).
View on SEC.gov