Nabors Industries Ltd.
Description
Nabors Industries Ltd. has priced $600 million in aggregate principal amount of senior guaranteed notes due 2026 and $400 million in aggregate principal amount of senior guaranteed notes due 2028 in the private placement offering it announced yesterday. The 2026 notes will bear interest at an annual rate of 7.25% and are being offered to investors at an initial price of 100% of par. The 2028 notes will bear interest at an annual rate of 7.50% and are being offered to investors at an initial price of 100% of par.