Nabors Industries Announces Partial Redemption of 7.375% Senior Priority Guaranteed Notes Due 2027
Nabors Industries Ltd., through its subsidiary Nabors Industries, Inc., has announced a partial redemption of its 7.375% Senior Priority Guaranteed Notes due in 2027. The company plans to redeem $150 million of the notes, with the redemption set for September 30, 2025. The redemption price will be 101.844% of the principal amount, in addition to any accrued and unpaid interest. This move is part of Nabors' ongoing strategy to reduce its debt, following the repayment of its revolving credit facility. The company is utilizing proceeds from the sale of Quail Tools to aid in this debt reduction effort. CEO Anthony G. Petrello highlighted the importance of debt reduction as a key value driver for the company.
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: DA68303) on September 08, 2025, and is solely responsible for the information contained therein.
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