secwatch.observer — SEC 8-K summary
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Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001104659-24-080620
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nabors subsidiary prices $550M senior guaranteed notes at 8.875% due 2031
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- NII priced $550M of senior guaranteed notes due Aug 15, 2031 bearing 8.875% annual interest.
- Net proceeds of ~$540.7M; expected closing July 22, 2024.
- Proceeds plus cash on hand to redeem all $550M of 7.25% senior notes due 2026.
- Notes are senior unsecured, rank pari passu with existing 7.50% senior notes due 2028.
- Offered under Rule 144A/Reg S; not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465924080620/0001104659-24-080620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465924080620/tm2419650d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-080620

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