Nabors Industries Prices $700 Million 7.625% Senior Priority Guaranteed Notes

Reuters
2025/11/11
Nabors Industries Prices $700 Million 7.625% Senior Priority Guaranteed Notes

Nabors Industries Ltd. has completed a debt offering through its subsidiary Nabors Industries, Inc. (NII), selling $700 million aggregate principal amount of 7.625% Senior Priority Guaranteed Notes due 2032. The notes were sold to a group of initial purchasers including Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC, HSBC Securities $(USA)$ Inc., Blaylock Van, LLC, and Nomura Securities International, Inc. The notes will mature on November 15, 2032, and bear interest at an annual rate of 7.625%. The offering closed on November 10, 2025, with NII receiving net proceeds of approximately $687.9 million after deducting commissions and expenses. Nabors Bermuda plans to use the proceeds to retire all of its outstanding 7.375% senior priority guaranteed notes due 2027 and for general corporate purposes. The notes are fully and unconditionally guaranteed by Nabors Bermuda and certain subsidiaries.

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: 0001104659-25-109148), on November 10, 2025, and is solely responsible for the information contained therein.

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