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July 18, 2024 • 1-minute read
Vinson & Elkins represented the initial purchasers in connection with an offering by Nabors Industries, Inc., a wholly owned subsidiary of Nabors Industries Ltd. (“Nabors”), of $550,000,000 in aggregate principal amount of its 8.875% senior guaranteed notes due 2031 (the “notes”).
The notes will be fully and unconditionally guaranteed by Nabors and certain of Nabors’ indirect wholly-owned subsidiaries. The offering priced on July 17, 2024 and is expected to close on July 22, 2024, subject to customary closing conditions.
The Vinson & Elkins corporate team was led by partners Mike Telle and David Stone and senior associate Ximena Kuri, with assistance from associates Cole Leveque, Shelby Shearer and Rylie Goldwait. Also advising were partners Wendy Salinas and associate Jeff Slusher; partner David D’Alessandro, counsel Melissa Spohn and associate Kenneth Strain; partner Matthew Dobbins and associate Ryan Vanderlip; partner Fry Wernick, counsels Brian Howard and Elizabeth McIntyre and associates Pete Thomas and Alexander Sprenger; partner Michael Kurzer and associate Alexa Chally; and partner Tzvi Werzberger and associates Avi Shchigel and Lary Yau.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
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