trending Market Intelligence /marketintelligence/en/news-insights/trending/-99yIsiMaCI4WJ_nG1ISRw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Nabors closes $1B senior notes offering

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020


Nabors closes $1B senior notes offering

Nabors Industries Ltd. completed its previously announced offering of $600 million of its 7.25% senior guaranteed notes due Jan. 15, 2026, and $400 million of its 7.50% senior guaranteed notes due Jan. 15, 2028.

Nabors received proceeds of approximately $984.0 million from the offering, after the deduction of related expenses, according to a Jan. 14 filing. The oilfield service provider said it plans to use the proceeds to fund its subsidiary Nabors Industries Inc.'s tender offers to repurchase up to $800 million of its 5.50% senior notes due 2023, 4.625% senior notes due 2021, 5.10% senior notes due 2023 and 5.00% senior notes due 2020.

Nabors may redeem in whole or in part the 2026 notes at a price equal to 100% of the principal amount of the notes and a make-whole premium or redeem up to 35% of the notes at a price equal to 107.25% of the principal amount, plus accrued and unpaid interest, before July 15, 2022.

The company may also redeem in whole or in part the 2028 notes at a price equal to 100% of the principal amount of the notes and a make-whole premium or redeem up to 35% of the principal amount of the notes at a price equal to 107.50% of the principal amount, plus accrued and unpaid interest, before Jan. 15, 2023.