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Schlumberger prices tender for any and all $1.6 billion 3.3% notes
By Wendy Van Sickle
Columbus, Ohio, June 23 – Schlumberger Ltd. announced pricing of indirect wholly owned subsidiary Schlumberger Investment SA’s cash tender offer for any and all of its $1.6 billion 3.3% senior notes due 2021 (Cusip: 806854AB1).
For each $1,000 principal amount of notes, the company will pay $1,026.06, which was determined at 2 p.m. ET on June 23 using the 0.125% Treasury due May 31, 2022 plus 40 basis points.
Holders will also receive accrued interest.
The offer was announced on June 17 and will expire at 5 p.m. ET on June 23. Settlement is expected for June 26.
D.F. King & Co., Inc. (800 549-6697, slb@dfking.com) is the tender agent and information agent.
Goldman Sachs & Co. LLC (212 902-6351 collect, 800 828-3182 toll-free), and J.P. Morgan Securities LLC (212 834-3424 collect, 866 834-4666 toll-free) are dealer managers, and Standard Chartered Bank and UniCredit Capital Markets LLC are co-dealer managers.
Schlumberger is a Houston-based oilfield services company. The issuer is based in Luxembourg.
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