Nabors prices $700M senior notes at 7.625% due 2032; upsized from $550M launch

NABORS INDUSTRIES LTD

Upsized offering raised to $700M from initial $550M; 7.625% rate, due 2032.
Net proceeds of ~$690.2M after discount; expected close Nov 10, 2025.
Proceeds to redeem $546.1M of outstanding 7.375% Senior Priority Notes due 2027.
Excess proceeds to be used for general corporate purposes.

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