NOV enters $1.5B 5-year unsecured revolving credit facility, replaces $2B facility due 2025

NOV Inc.

New $1.5B unsecured revolving credit facility matures September 2029, with two 1-year extension options.
Replaces $2.0B facility scheduled for October 2025 maturity; no termination penalties incurred.
Facility can be increased to $2.5B with consent of increasing lenders; Wells Fargo is administrative agent.
Borrowings bear interest at rates based on credit ratings; Tier 3 margin (BBB/Baa2) initially applies.
Covenants include maximum capitalization ratio; proceeds for working capital and general corporate purposes.

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