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Schlumberger unit prices tender offer for senior notes

Schlumberger Holdings Corp., a subsidiary of oilfield service giant Schlumberger Ltd., priced its previously announced cash tender offer for its remaining 3.000% senior notes due 2020 and 3.625% senior notes due 2022.

The offer is composed of $1.20 billion of 2020 senior notes and $616.5 million of 2022 senior notes, according to a Sept. 24 news release from Schlumberger.

For each $1,000 of notes validly tendered on or before Sept. 24 at 5 p.m. ET, holders will eligible receive a tender offer consideration of $1,011.58 for the 2020 notes and $1,051.27 for the 2022 notes.

In addition, holders whose notes are purchased in the offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the offer's settlement date, which is scheduled on Sept. 27.