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Reported Earlier, Nabors Industries Prices $550M Senior Guaranteed Notes Due 2031 At 8.875% Annual Interest

Author: Benzinga Newsdesk | July 18, 2024 12:54am

Nabors intends to use the net proceeds from this offering, along with cash on hand, to redeem all of its 7.25% senior guaranteed notes due 2026. Any excess proceeds will be used for general corporate purposes, including, potentially, repayment of other outstanding indebtedness. 

Posted In: NBR


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