---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-118873"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T00:53:37.823012+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nabors prices $650M 9.125% Senior Priority Guaranteed Notes due 2030 to refinance 2025 notes

## Summary
- Initial offering of $550M upsized to $650M; notes priced at par with 9.125% coupon, due 2030.
- Net proceeds expected ~$641M after expenses; closing on Nov 20, 2023.
- Proceeds to repay $474.1M of 5.75% Senior Notes due 2025; remainder for general corporate purposes.
- Notes are senior unsecured, rank pari passu with existing 7.375% notes due 2027, guaranteed by Nabors and certain subs.

## SEC filing metadata
- accession: 0001104659-23-118873
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465923118873/0001104659-23-118873-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465923118873/tm2330638d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-118873
- JSON: https://secwatch.observer/filing/0001104659-23-118873.json
- Plain text: https://secwatch.observer/filing/0001104659-23-118873.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.