debt
confidence high
sentiment neutral
materiality 0.50
SLB subsidiary prices tender offer for up to $804M of senior notes due 2024/2025
SLB LIMITED/NV
- SLB subsidiary to purchase $394.9M of 3.750% notes due 2024 at total consideration $984.18 per $1,000.
- Also purchasing $409.3M of 4.000% notes due 2025 at $981.06 per $1,000, including early tender premium.
- Early settlement expected December 8, 2022; offer expires December 19, 2022.
- Deutsche Bank and J.P. Morgan act as dealer managers; D.F. King as tender and information agent.