NABORS INDUSTRIES LTD (NBR): debt financing — Nabors Industries closes $700M notes offering; proceeds to retire 2027 notes

NABORS INDUSTRIES LTD

Issued $700M of 7.625% Senior Priority Guaranteed Notes due Nov 15, 2032.
Net proceeds approximately $687.9M after offering commissions and expenses.
Proceeds will retire all outstanding $546.1M of 7.375% Senior Priority Guaranteed Notes due 2027.
Remaining proceeds used for general corporate purposes.
Notes are senior unsecured, guaranteed by certain subsidiaries, and rank pari passu with existing unsubordinated debt.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NABORS INDUSTRIES LTD incurred senior notes of $700 million aggregate principal amount with Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC, HSBC Securities (USA) Inc., Blaylock Van, LLC and Nomura Securities International, Inc. at 7.625% maturing November 15, 2032.

Instrument: senior notes
Principal: $700 million aggregate principal amount
Counterparty: Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC, HSBC Securities (USA) Inc., Blaylock Van, LLC and Nomura Securities International, Inc.
Rate: 7.625%
Maturity: November 15, 2032
Event: incurrence

Exact text from the filing

Nabors Industries, Inc. (“NII”) entered into a purchase agreement (the “Purchase Agreement”) under which NII agreed to sell $700 million aggregate principal amount of its 7.625% Senior Priority Guaranteed Notes due 2032

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Source: SEC EDGAR

accession 0001104659-25-109148

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