SLB increases debt tender offer to $800M; early results show heavy participation

SLB LIMITED/NV

Increased Maximum Purchase Price from $500M to $800M for cash tender offer of senior notes.
Early tender results: $395M of 3.75% 2024 notes, $409M of 4.00% 2025, $682M of 3.90% 2028, $201M of 4.30% 2029.
Only notes with Acceptance Priority Levels 1 and 2 (2024 and 2025) will be accepted for purchase.
Early settlement expected Dec 8, 2022; expiration Dec 19; withdrawal rights expired.

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