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.