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Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item
Published on 11/16/2023 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Nabors Industries to redeem 5¾% notes due 2025 with new note proceeds

By Mary-Katherine Stinson

Lexington, Ky., Nov. 16 – Nabors Industries, Inc. will use the proceeds from a new issue of senior priority guaranteed notes to retire its 5¾% senior notes due February 2025 and for general corporate purposes, according to a press release.

As of Nov. 15, there is $474.1 million in aggregate principal of the 2025 notes outstanding.

Hamilton, Bermuda-based Nabors is an onshore oil, natural gas and geothermal drilling contractor.


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