Nabors Industries Ltd.
Description
Nabors Industries Ltd. said its wholly owned subsidiary, Nabors Industries Inc., has priced $800 million in senior unsecured notes due 2025, in a private placement offering. The notes will bear interest at an annual rate of 5.75%, and are being offered to investors at an initial price of 100% of par. The notes will be fully and unconditionally guaranteed by Nabors Industries Ltd. The closing of the sale of notes is expected to occur on or about January 23, 2018.