NABORS INDUSTRIES LTD (NBR): M&A transaction — Nabors closes Parker Drilling acquisition; expects $150M adjusted EBITDA, $40M synergies

NABORS INDUSTRIES LTD

Merger consideration: up to 4.8M Nabors shares plus $562K cash for Parker stockholders.
Parker Term Loan of $178.1M at 13% maturing Sept. 2025 assumed; change of control triggered, Nabors intends to refinance.
Parker expected to generate annualized 2025 adjusted EBITDA of ~$150M; expense synergies of $40M by end of 2025.
Post-closing 2025 capex for Parker estimated at $70M; acquisition expected to be accretive to free cash flow.
Prior Parker ABL credit facility terminated; $16.7M in letters of credit replaced under Nabors facilities.

item 1.01 item 2.03 item 1.02 item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NABORS INDUSTRIES LTD completed an acquisition involving Parker Drilling Company for up to 4,800,000 Nabors common shares and a cash payment of $562,000 (closed 2025-03-11).

Action: acquisition
Counterparty: Parker Drilling Company
Consideration: up to 4,800,000 Nabors common shares and a cash payment of $562,000
Closing: 2025-03-11

Exact text from the filing

immediately prior to the Effective Time was converted into the right to receive (without interest) a pro rata share of the merger consideration, which consisted of up to 4,800,000 Nabors common shares, par value $0.05 per share (“ Nabors Common Shares ”) and a cash payment of $562,000. The issuance of Nabors Common Shares in connection with the Merger was

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Source: SEC EDGAR

accession 0001104659-25-022754

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