Nabors Prices $700 million in Senior Priority Guaranteed Notes
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 $700,000,000 in aggregate principal amount of its 7.625% senior priority guaranteed notes due 2032 (the “notes”).
The offering was upsized from an initial offering size of $550,000,000 in aggregate principal amount of the notes. The notes will be fully and unconditionally guaranteed by Nabors and certain of Nabors’ indirect wholly owned subsidiaries. The offering priced on November 4, 2025, and is expected to close on November 10, 2025, subject to customary closing conditions.
The Vinson & Elkins corporate team was led by partners Mike Telle and David Stone, with assistance from associates Nick Wetzeler, Shelby Shearer, Rylie Goldwait, and Ethan Twining. Also advising were partners Wendy Salinas and associate Jeff Slusher; partner David D’Alessandro, counsel Melissa Spohn, and associate Kenneth Strain; partner Jennifer Cornejo and associate Ryan Vanderlip; partners Fry Wernick and Joyce Adetutu, counsel Brian Howard and senior associates Pete Thomas and Frankie Velez; senior associate Alexa Chally and associate Sean Dao; and partner Tzvi Werzberger, senior associate Avi Shchigel and associate Lary Yau.
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