Nabors amends credit agreement to permit up to $100M in annual share repurchases

NABORS INDUSTRIES LTD

First Amendment to A&R Credit Agreement dated June 17, 2024, effective September 4, 2025.
Permits Nabors Delaware to repurchase up to $100M of equity per fiscal year.
Buyback usage reduces dividend capacity dollar-for-dollar, and vice versa.
Other credit agreement terms unchanged; conditions include no default and pro forma covenant compliance.
Amended agreement involves Citibank as agent, multiple lenders and guarantors.

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