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Nabors Industries(NBR-N)

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Nabors Announces Redemption of 9% Senior Priority Guaranteed Notes Due 2025

PR Newswire - Tue Mar 7, 3:15PM CST

HAMILTON, Bermuda, March 7, 2023 /PRNewswire/ -- Nabors Industries, Inc. ("Nabors" or the "Company"), a wholly-owned subsidiary of Nabors Industries Ltd. ("Parent") (NYSE: NBR) today reported the completion of the redemption of approximately $210 million of 9% senior priority guaranteed notes due in 2025. The redemption was funded with proceeds from the Company's recent issuance of $250 million of 1.75% exchangeable senior unsecured notes due 2029. With the redemption completed, Nabors realizes the following benefits:


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