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Schlumberger announces results of unit's tender offer

Schlumberger Ltd. announced the results of the cash tender offer for senior notes made by its subsidiary Schlumberger Holdings Corp. after the offer expired Sept. 24.

The 3.0% senior notes due 2020 had tenders amounting to $781.4 million while the 3.625% senior notes due 2022 had tenders totaling $321.1 million, according to a Sept. 25 news release from Schlumberger.

The notes will be settled Sept. 27.

For each $1,000 note, holders of the 2020 notes will receive $1,011.58, while holders of the 2022 notes will receive $1,051.27.

D.F. King & Co. Inc. served as the tender agent and information agent for the offer, while Goldman Sachs & Co. LLC acted as the dealer manager for the offer.