Nabors Announces Partial Redemption of 7.375% Senior Priority Guaranteed Notes Due in 2027
Nabors Industries (NYSE: NBR) has announced the partial redemption of $150 million of its 7.375% Senior Priority Guaranteed Notes due in 2027. The redemption is scheduled for September 30, 2025, at a price of 101.844% of the principal amount plus accrued interest.
The debt reduction initiative follows the company's recent repayment of its revolving credit facility, which was previously used to repay the term loan from Parker Wellbore. The redemption will be funded using proceeds from the sale of Quail Tools, demonstrating Nabors' commitment to strategic debt reduction as a key value driver.
Nabors Industries (NYSE: NBR) ha annunciato il rimborso parziale di 150 milioni di dollari dei suoi Senior Priority Guaranteed Notes al 7,375% in scadenza nel 2027. Il rimborso 猫 previsto per il 30 settembre 2025 al prezzo del 101,844% del capitale pi霉 interessi maturati.
L'operazione segue il recente estinzione della linea di credito revolving, che era stata impiegata per rimborsare il prestito a termine con Parker Wellbore. Il riacquisto sar脿 finanziato con i proventi della vendita di Quail Tools, a conferma dell'impegno di Nabors nella riduzione strategica del debito come leva di creazione di valore.
Nabors Industries (NYSE: NBR) ha anunciado el reembolso parcial de 150 millones de d贸lares de sus Senior Priority Guaranteed Notes al 7,375% con vencimiento en 2027. El reembolso est谩 programado para el 30 de septiembre de 2025 al precio del 101,844% del principal m谩s intereses devengados.
La iniciativa de reducci贸n de deuda sigue al reciente pago de su l铆nea de cr茅dito revolvente, que se utiliz贸 previamente para saldar el pr茅stamo a plazo con Parker Wellbore. El reembolso se financiar谩 con los ingresos de la venta de Quail Tools, demostrando el compromiso de Nabors con la reducci贸n estrat茅gica de deuda como motor de valor.
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Nabors Industries (NYSE: NBR) a annonc茅 le remboursement partiel de 150 millions de dollars de ses Senior Priority Guaranteed Notes 脿 7,375% arrivant 脿 茅ch茅ance en 2027. Le remboursement est pr茅vu pour le 30 septembre 2025 au prix de 101,844% du principal major茅 des int茅r锚ts courus.
Cette initiative de r茅duction de la dette suit le r茅cent remboursement de sa ligne de cr茅dit renouvelable, laquelle avait 茅t茅 utilis茅e pour solder le pr锚t 脿 terme aupr猫s de Parker Wellbore. Le remboursement sera financ茅 par le produit de la vente de Quail Tools, d茅montrant l'engagement de Nabors en faveur d'une r茅duction strat茅gique de la dette comme moteur de cr茅ation de valeur.
Nabors Industries (NYSE: NBR) hat die teilweise R眉ckzahlung von 150 Millionen US-Dollar seiner 7,375% Senior Priority Guaranteed Notes mit F盲lligkeit 2027 angek眉ndigt. Die R眉ckzahlung ist f眉r den 30. September 2025 geplant und erfolgt zu einem Preis von 101,844% des Nennbetrags zuz眉glich aufgelaufener Zinsen.
Die Ma脽nahme zur Schuldenreduzierung folgt auf die j眉ngste R眉ckzahlung der Revolving-Kreditlinie, die zuvor zur Tilgung des Terminkredits bei Parker Wellbore genutzt wurde. Die R眉ckzahlung wird aus den Erl枚sen des Verkaufs von Quail Tools finanziert und unterstreicht Nabors' Verpflichtung zu strategischer Schuldenreduktion als wesentlichem Werttreiber.
- Strategic debt reduction of $150 million demonstrates strong financial management
- Successful monetization of Quail Tools assets to fund debt repayment
- Previous repayment of revolving credit facility shows consistent debt reduction execution
- Premium payment of 1.844% above principal for early redemption
- Partial rather than full redemption of the 2027 notes indicates remaining debt burden
Insights
Nabors' $150M debt redemption strengthens balance sheet, uses Quail Tools sale proceeds effectively for deleveraging strategy.
Nabors Industries is making a strategic debt reduction move by redeeming
The company is specifically using proceeds from the sale of its Quail Tools business to fund this redemption, showing a disciplined capital allocation approach. This follows their earlier repayment of their revolving credit facility, which had been drawn to repay term loans from the Parker Wellbore acquisition - indicating a systematic debt reduction strategy rather than one-off actions.
For context, this redemption represents a partial paydown of these particular notes, not a full retirement. The premium payment (
This action sends a clear signal that Nabors is prioritizing balance sheet improvement over alternative uses of proceeds such as share repurchases or increased capital expenditures. The deliberate sequencing of debt reduction (first revolving facility, now notes) indicates a thoughtful liability management approach focused on optimizing the capital structure while maintaining operational flexibility.
Anthony G. Petrello, Nabors Chairman, President and CEO, commented, "The reduction of debt is one of our key value drivers. We are committed to using the proceeds from the sale of Quail Tools in our business to help accomplish that reduction. This redemption comes after we already repaid the outstanding balance on our revolving credit facility, which was drawn earlier to repay the term loan assumed from Parker Wellbore. The redemption marks another concrete step in this process."聽 聽
About Nabors Industries
Nabors Industries (NYSE: NBR) is a leading provider of advanced technology for the energy industry. With presence in more than 20 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower-carbon world. Learn more about Nabors and its energy technology leadership: .
Forward-looking Statements
The information included in this press release includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements are subject to a number of risks and uncertainties, as disclosed by Nabors from time to time in its filings with the Securities and Exchange Commission. As a result of these factors, Nabors' actual results may differ materially from those indicated or implied by such forward-looking statements.聽The forward-looking statements contained in this press release reflect management's estimates and beliefs as of the date of this press release.聽Nabors does not undertake to update these forward-looking statements.聽
Investor Contacts:聽 William C. Conroy, CFA, Vice President of Corporate Development & Investor Relations, +1 281-775-2423 or via e-mail [email protected], or Kara K. Peak, Director of Corporate Development & Investor Relations, +1 281-775-4954 or via email [email protected]. To request investor materials, contact Nabors' corporate headquarters in
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SOURCE Nabors Industries Ltd.
FAQ
What is the amount of Nabors (NYSE: NBR) notes being redeemed in September 2025?
When is the redemption date for Nabors' 7.375% Senior Notes?
What is the redemption price for Nabors' 2027 notes?
How is Nabors funding the notes redemption?
What other debt has Nabors recently paid down?
