Core Viewpoint - Nabors Industries Ltd. has successfully priced $700 million in senior priority guaranteed notes due 2032, up from an initially announced $550 million, with an interest rate of 7.625% [1][2]. Group 1: Offering Details - The offering of the notes was upsized to $700 million from $550 million, with an annual interest rate of 7.625% and an initial offering price of 100% of par [1]. - The notes will be fully guaranteed by Nabors and certain indirect wholly-owned subsidiaries, ranking pari passu with existing senior priority guaranteed notes [2]. - The expected net proceeds from the offering are approximately $690.2 million after deducting discounts to initial purchasers [1]. Group 2: Use of Proceeds - Nabors intends to use the net proceeds to redeem approximately $546.1 million of outstanding 7.375% senior priority guaranteed notes due 2027, with the remaining funds allocated for general corporate purposes [3]. Group 3: Regulatory and Offering Conditions - The notes will be offered to qualified institutional buyers under Rule 144A and to persons outside the U.S. under Regulation S, without registration under the Securities Act [4]. - The offering will not be registered in any jurisdiction outside the U.S., and no steps will be taken to permit the offer in jurisdictions requiring registration [4].

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].