Nabors amends credit facility, upsizes to $475M, extends maturity to 2029

NABORS INDUSTRIES LTD

New $475M secured facility: $350M revolver + $125M letter of credit tranche (standalone).
Maturity extended to June 17, 2029, from prior Jan 21, 2026.
Uncommitted accordion feature increased to $200M (from $100M) for revolver or LC.
Interest coverage ratio covenant stays at 2.75:1.00; initial borrowing margin ~2.75%.
CFO Restrepo says amendment improves near-term liquidity and supports international growth.

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