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Nabors Industries buys back $100 million 0.94% exchangeables
By Angela McDaniels
Tacoma, Wash., Oct. 31 - Nabors Industries Ltd. said it purchased $100 million of Nabors Industries, Inc.'s $2.75 billion 0.94% senior exchangeable notes due 2011 in the open market during October.
The company paid $75.9 million in cash, according to its 10-Q report for the third quarter. The 10-Q was filed with the Securities and Exchange Commission on Friday.
Nabors is an onshore and offshore drilling company based in Hamilton, Bermuda.
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