debt
confidence high
sentiment neutral
materiality 0.45
SLB subsidiary commences $500M cash tender offer for four series of senior notes
SLB LIMITED/NV
- Maximum purchase price $500M including premium, excludes accrued interest.
- Offer covers 3.750% notes due 2024, 4.000% due 2025, 3.900% due 2028, 4.300% due 2029.
- Early tender premium $30 per $1,000 principal; early tender deadline Dec 5, 2022 at 5pm NY time.
- Expiration date Dec 19, 2022 at 11:59pm NY time; no minimum tender condition.
- Notes accepted by acceptance priority levels; proration applies if oversubscribed.