Nabors Industries Ltd. announced that its indirect wholly-owned subsidiary, Nabors Industries, Inc., has commenced an offering of $550 million in senior priority guaranteed notes due 2032. The notes will be fully and unconditionally guaranteed by Nabors and certain of its indirect wholly-owned subsidiaries. Nabors intends to use the net proceeds from this offering, along with cash on hand, to redeem its outstanding 7.375% Senior Priority Guaranteed Notes due 2027, of which approximately $546.1 million remains outstanding. The new notes will be senior unsecured obligations and will rank pari passu with the company's existing 9.125% Senior Priority Guaranteed Notes due 2030. The notes will be offered to qualified institutional buyers under Rule 144A and to certain persons outside the United States under Regulation S. The offering details, including price and interest rate for the new issuance, were not disclosed in the document. No URL for the full prospectus was included.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nabors Industries Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: DA14525) on November 04, 2025, and is solely responsible for the information contained therein.
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