---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-004104"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2026-01-15T23:59:59+00:00"
generated_at: "2026-05-16T10:04:32.512206+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-004104
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2026-01-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465926004104/0001104659-26-004104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465926004104/tm263221d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-004104
- JSON: https://secwatch.observer/filing/0001104659-26-004104.json
- Plain text: https://secwatch.observer/filing/0001104659-26-004104.txt

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