<a href="https://laohu8.com/S/NBRWF">Nabors Industries Ltd.</a> Announces Significant Debt Reduction and Financial Flexibility Following Parker Acquisition and Quail Disposition
Nabors Industries Ltd. announced the closing of a significant transaction involving the acquisition of Quail, a leading provider of high-performance downhole tubulars to the U.S. oil and gas drilling market, by Superior. As part of the transaction, a Preferred Supplier Agreement has been established, designating Superior as the preferred supplier of rental drill pipe and related products to Nabors. Nabors expects Quail to generate an adjusted EBITDA of approximately $150 million in 2025. This transaction is anticipated to reduce Nabors' net debt by $625 million and deliver annual interest savings exceeding $50 million. The combined effect of the Parker and Quail transactions is set to enhance Nabors' financial flexibility and result in a significant acceleration of anticipated free cash flow from the combined Parker businesses.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-081917), on August 22, 2025, and is solely responsible for the information contained therein.
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