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Schlumberger announces tender offer for unit's senior notes

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.