Schlumberger Ltd. subsidiary Schlumberger Holdings Corp. commenced a cash tender offer for its remaining 3.0% senior notes due 2020 and 3.625% senior notes due 2022.
The 3.0% senior notes have an outstanding principal amount of $1.20 billion, while the 3.625% senior notes have an outstanding principal amount of $617 million, Schlumberger said in a Sept. 18 news release.
Earlier the notes were offered to be exchanged with a new series of senior notes due 2028.
The tender offer expires on Sept. 24.
