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Nabors Closes $1B in Senior Guaranteed Notes Offering

Vinson & Elkins served as initial purchasers’ counsel in connection with Nabors Industries Ltd.’s private placement offering of $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.

The offering closed on January 10, 2020.

V&E also represented the dealer managers in connection with Nabors Industries, Inc.’s concurrent tender offers and consent solicitations to purchase up to $800 million of its outstanding senior notes and amend certain related indentures.

The V&E corporate team was led by partner Mike Telle and counsel Dan Spelkin with assistance from senior associate Stancell Haigwood, associates Audrey Bartosh and Elisie Lee and counsel Doug Lionberger. Also advising were partner Wendy Salinas and senior associate Mary Alexander; counsel Larry Pechacek; partner Amy Riella; and partner Cris Dewar and associates Caitlin Snelson and Arthur Munoz.

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