Nabors Industries Sells Quail Tools to Superior Energy Services for $600 Million, Reducing Net Debt by 25%

Reuters

Aug 21

Nabors Industries Sells Quail Tools to Superior Energy Services for $600 Million, Reducing Net Debt by 25%

Nabors Industries Ltd. has announced the sale of its subsidiary, Quail Tools, LLC, to Superior Energy Services, Inc. The sale, totaling $600 million, includes $375 million in cash and a $250 million seller note. Nabors expects to reduce its net debt by over 25%, with a decrease of $625 million upon full realization of the sale proceeds. The transaction is anticipated to deliver annual interest savings exceeding $50 million, enhancing the company's financial flexibility. Following the divestiture, Nabors will retain its drilling rig, O&M, and tubular running services operations, with these businesses projected to generate at least $55 million in adjusted EBITDA for 2025.

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: DA55400) on August 20, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Nabors Industries L","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4092":"石油与天然气钻井","NBR":"纳伯斯"},"translate_title":"Nabors Industries以6亿美元将Quail Tools出售给Superior Energy Services，净债务减少25%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NBR":0.9},"content_text":"Nabors Industries Sells Quail Tools to Superior Energy Services for $600 Million, Reducing Net Debt by 25%\n    \n\nNabors Industries Ltd. has announced the sale of its subsidiary, Quail Tools, LLC, to Superior Energy Services, Inc. The sale, totaling $600 million, includes $375 million in cash and a $250 million seller note. Nabors expects to reduce its net debt by over 25%, with a decrease of $625 million upon full realization of the sale proceeds. The transaction is anticipated to deliver annual interest savings exceeding $50 million, enhancing the company's financial flexibility. 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