---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-119916"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2023-11-20T23:59:59+00:00"
generated_at: "2026-06-07T23:13:46.622283+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nabors Industries issues $650M of 9.125% Senior Notes due 2030, proceeds to retire 2025 notes

## Summary
- Nabors Industries Inc. issued $650M aggregate principal of 9.125% Senior Priority Guaranteed Notes due Jan 31, 2030.
- Net proceeds of approximately $640.3M after estimated offering commissions and expenses.
- Proceeds to retire all $474.1M outstanding 5.75% Senior Notes due 2025; remainder for general corporate purposes.
- Notes fully and unconditionally guaranteed by Nabors Industries Ltd. and certain subsidiaries on a joint and several basis.
- Notes are senior unsecured, rank pari passu with existing unsubordinated debt, but effectively junior to secured obligations.

## SEC filing metadata
- accession: 0001104659-23-119916
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2023-11-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465923119916/0001104659-23-119916-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465923119916/tm2330638d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-119916
- JSON: https://secwatch.observer/filing/0001104659-23-119916.json
- Plain text: https://secwatch.observer/filing/0001104659-23-119916.txt

## Key facts
- Material Agreements
  NABORS INDUSTRIES LTD entered into Purchase Agreement with Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Academy Securities, Inc. and Nomura Securities International, Inc. valued at $650 million (effective 2023-11-15).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Academy Securities, Inc. and Nomura Securities International, Inc.
  - Value: $650 million
  - Effective: 2023-11-15
  source text: On November 15, 2023, Nabors Industries, Inc. (“NII”) entered into a purchase agreement (the “Purchase Agreement”) under which NII agreed to sell $650 million aggregate principal amount of its 9.125% Senior Priority Guaranteed Notes due 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163739/000110465923119916/0001104659-23-119916-index.htm
- Material Agreements
  NABORS INDUSTRIES LTD entered into Indenture with Wilmington Trust, National Association (effective 2023-11-20).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Effective: 2023-11-20
  source text: The Notes are governed by an indenture, dated as of November 20, 2023 (the “Indenture”), among NII, as issuer, the Guarantors, as guarantors, and Wilmington Trust, National Association, as trustee
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163739/000110465923119916/0001104659-23-119916-index.htm

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