Nabors Announces Offering of $550 million Senior Priority Guaranteed Notes

Core Viewpoint - Nabors Industries Ltd. has announced an offering of $550 million senior priority guaranteed notes due 2032, which will be fully guaranteed by Nabors and certain subsidiaries [1][2]. Group 1: Offering Details - The notes will be senior unsecured obligations of Nabors Industries, Inc. and will rank equally with existing senior priority guaranteed notes due 2030 [2]. - The offering will be made to qualified institutional buyers under Rule 144A and to persons outside the U.S. under Regulation S [4]. - The notes will not be registered under the Securities Act and cannot be offered or sold in the U.S. without an exemption [4]. Group 2: Use of Proceeds - Nabors intends to use the net proceeds from the offering, along with cash on hand, to redeem approximately $546.1 million of outstanding 7.375% senior priority guaranteed notes due 2027 [3]. Group 3: Company Background - Nabors Industries is a leading provider of advanced technology for the energy industry, operating in over 20 countries and focusing on safe, efficient, and responsible energy production [7].