---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-022754"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2025-03-12T23:59:59+00:00"
generated_at: "2026-05-24T22:05:46.694014+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nabors closes Parker Drilling acquisition; expects $150M adjusted EBITDA, $40M synergies

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-022754
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2025-03-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465925022754/0001104659-25-022754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465925022754/tm257708d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-022754
- JSON: https://secwatch.observer/filing/0001104659-25-022754.json
- Plain text: https://secwatch.observer/filing/0001104659-25-022754.txt

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