NABORS INDUSTRIES LTD. (NYSE:NBR) Files An 8-K Entry into a Material Definitive Agreement

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NABORS INDUSTRIES LTD. (NYSE:NBR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On January 16, 2018, Nabors Industries Ltd. (“NIL”) and its wholly owned subsidiary, Nabors Industries,Inc. (“NII”), entered into a purchase agreement (the “Purchase Agreement”) under which NII agreed to sell $800,000,000 aggregate principal amount of its 5.75% Senior Notes due 2025 (the “Senior Notes”) to the initial purchasers named in the Purchase Agreement (the “Initial Purchasers”). The Senior Notes are fully and unconditionally guaranteed by NIL. The closing of the sale of the Senior Notes is expected to occur on or about January 23, 2018. A copy of the Purchase Agreement is included as Exhibit10.1 to this Form8-K and is incorporated in this Item 1.01 by reference. The Purchase Agreement should be read in its entirety for a complete description of its provisions and the summary in this report is qualified in its entirety by the text of such provisions.

NII will sell the Senior Notes to the Initial Purchasers in reliance on the exemption from registration provided by Section4(a)(2)of the Securities Act of 1933, as amended (the “Securities Act”). The Initial Purchasers intend to resell the Senior Notes to (i)qualified institutional buyers to the exemption from registration provided by Rule144A under the Securities Act or (ii) to Regulation S under the Securities Act. NII will rely on these exemptions from registration based in part on representations made by the Initial Purchasers in the Purchase Agreement. This disclosure shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

Item 7.01 Regulation FD Disclosure.

On January 16, 2018, NIL issued a press release announcing the pricing by NII of the offering of the Senior Notes. The press release is attached hereto as Exhibit99.1 and is incorporated herein by reference.


NABORS INDUSTRIES LTD Exhibit
EX-10.1 2 a18-3159_1ex10d1.htm EX-10.1 Exhibit 10.1   Execution Version   NABORS INDUSTRIES,…
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About NABORS INDUSTRIES LTD. (NYSE:NBR)

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet in North America. The Company is a provider of offshore platform work over and drilling rigs. It conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services. Its fleet of rigs and drilling-related equipment includes approximately 430 actively marketed rigs for land-based drilling operations in the United States, Canada and over 20 other countries throughout the world, and approximately 40 actively marketed rigs for offshore drilling operations in the United States and multiple international markets. It provides drilling technology and equipment, and well-site services, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection and other support services. In addition, it manufactures and leases or sells top drives and other rig equipment.