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Nabors Announces Pricing of its Offering of $225,000,000 Exchangeable Senior Unsecured Notes

PR Newswire - Thu Feb 9, 2023

HAMILTON, Bermuda, Feb. 10, 2023 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE: NBR) announced today that its wholly owned subsidiary, Nabors Industries, Inc. ("NII"), has priced $225,000,000 in aggregate principal amount of its 1.750% exchangeable senior unsecured notes due 2029 (the "notes"), through a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The notes will be fully and unconditionally guaranteed by Nabors. The offering of the notes is expected to close on February 14, 2023, subject to customary closing conditions.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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