Nabors Industries Announces Full Redemption of $379 Million 7.5% Senior Notes Due 2028, Reduces Net Debt by $366 Million

Reuters
01/16
Nabors Industries Announces Full Redemption of $379 Million 7.5% Senior Notes Due 2028, Reduces Net Debt by $366 Million

Nabors Industries Ltd. has announced the full redemption of its outstanding 7.500% Senior Guaranteed Notes due 2028, with a face value of approximately $379 million. The notes were redeemed at par, plus accrued and unpaid interest, on January 15, 2026. Following this transaction, the company’s long-term debt stands at about $2.15 billion, and net debt has been reduced by approximately $366 million in the fourth quarter of 2025. Nabors noted that these actions have extended its next debt maturity to 2029 and increased its weighted average debt maturity to 5.3 years.

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: DA64570) on January 15, 2026, and is solely responsible for the information contained therein.

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