On September 4, 2025, Nabors Industries Ltd., through its wholly-owned subsidiary Nabors Industries, Inc. ("Nabors Delaware"), entered into a significant amendment to its existing credit agreement. This first amendment to the amended and restated credit agreement, originally dated June 17, 2024, involves various parties including revolving lenders, letter of credit facility participants, issuing banks, and Citibank, N.A., as the administrative agent. A key revision in this amendment allows Nabors Delaware to repurchase up to $100 million of equity from either Nabors Delaware or its parent entity per fiscal year. This adjustment impacts Nabors Delaware's financial flexibility, as any equity buybacks will reduce its dividend distribution capacity on a dollar-for-dollar basis, and vice versa. The foundational terms of the original credit agreement remain unchanged.