Nabors Announces Redemption of 7.500% Senior Guaranteed Notes Due 2028 and Fourth Quarter 2025 Reduction in Net Debt of Approximately $366 Million, Equivalent to $25 per Share

Core Insights - Nabors Industries Ltd. announced the full redemption of its outstanding 7.500% Senior Guaranteed Notes due 2028, with a face value of approximately $379 million, redeemed at par plus accrued interest on January 15, 2026 [1] Financial Summary - As of December 31, 2025, total debt was approximately $2.5 billion, with cash and short-term investments around $940 million, resulting in net debt of approximately $1.55 billion, marking the lowest net leverage since 2008 [2] - The company reduced its net debt by approximately $366 million during the fourth quarter, equivalent to about $25 per common share, and by approximately $550 million since December 31, 2024 [2] - Following the redemption, long-term debt stands at approximately $2.15 billion, with the next debt maturity occurring in 2029, and the weighted average maturity of outstanding debt increased to 5.3 years from 3.7 years as of September 30, 2025 [3] Strategic Commentary - The redemption is viewed as a significant step in advancing the company's commitment to debt reduction, which is considered a core driver of shareholder value. The successful execution of transactions and strong operational performance contributed to this outcome [4]