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Nabors Announces Offering of $225,000,000 Exchangeable Senior Unsecured Notes

Nabors Announces Pricing of its Offering of $225,000,000 Exchangeable Senior Unsecured Notes Background Image

Vinson & Elkins represented the initial purchasers in connection with Nabors Industries, Inc.’s, a wholly owned subsidiary of Nabors Industries Ltd. (“Nabors”), offering of $250,000,000 in aggregate principal amount of its 1.750% exchangeable senior unsecured notes due 2029 (the “notes”).

The notes will be fully and unconditionally guaranteed by Nabors. The offering closed on February 14, 2023.

The Vinson & Elkins corporate team was led by partners Mike Telle and David Stone, counsel Andrew Schulte and senior associate Ximena Kuri, with assistance from associates Cole Leveque and Lindsay Moore. Also advising were partner Stancell Haigwood and associate Maram Mahajna; partner Wendy Salinas and associate Jeff Slusher; partner Zach Terwilliger, counsels Brian Howard and Elizabeth McIntyre and associate Pete Thomas; partner Michael Kurzer and associate Alexa Chally; partner David D’Alessandro and counsel Melissa Spohn; and partner Matt Dobbins.

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