Nabors Announces Amendment and Restatement of $475 Million Credit Facility

HAMILTON, Bermuda, June 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE: NBR) closed, on June 17, 2024, an amendment and restatement of its secured credit facility. The new $475 million facility is comprised of $350 million for revolving credit and $125 million for letters of credit. The facility matures on June 17, 2029. The maturity date can be brought forward to 90 days before the maturity date of certain of the Company's debt securities, if those debt securities were not sufficiently pa ...