Nabors redeems $379M 7.5% Senior Notes due 2028; net debt cut ~$366M in Q4 2025

NABORS INDUSTRIES LTD

Full redemption of $379M 7.500% Senior Guaranteed Notes due 2028 at par on Jan 15, 2026.
Net debt reduced ~$366M in Q4 2025 to ~$1.55B, lowest net leverage since 2008.
Preliminary total debt ~$2.5B, cash & short-term investments ~$940M as of Dec 31, 2025.
Next debt maturity now 2029; weighted average maturity extended to 5.3 years from 3.7.
Total debt reduction of ~$550M since Dec 31, 2024.

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