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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.