Nabors Industries Announces Receipt of Funds in Repayment of Seller Note from Superior Energy

Rhea-AI Summary

Nabors (NYSE: NBR) announced on Oct. 9, 2025 that it has received prepayment in full of a $250 million seller financing note issued earlier in 2025 related to the sale of Quail Tools to Superior Energy.

The prepayment was received ahead of the note's scheduled maturity, which the company said strengthens financial liquidity. Nabors intends to use the proceeds to continue reducing gross debt, concentrating on outstanding notes maturing in 2028, and reiterated its commitment to deleveraging and enhancing long-term shareholder value.

Positive

• Received $250 million prepaid seller note
• Prepayment received ahead of scheduled maturity
• Proceeds earmarked to reduce gross debt
• Targeting reduction of notes maturing in 2028

Negative

• None.

HAMILTON, Bermuda, Oct. 9, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced that it has received prepayment in full of the $250 million seller financing note issued earlier this year, in connection with the sale of Quail Tools, LLC to Superior Energy Services, Inc. ("Superior").

The seller note was prepaid by Superior ahead of its scheduled maturity, further strengthening Nabors' financial liquidity. The Company intends to use the proceeds to continue reducing gross debt, concentrating on its outstanding notes maturing in 2028, and reiterating the Company's commitment to deleveraging and enhancing long-term shareholder value.

About Nabors Industries

Nabors Industries (NYSE: NBR) is a leading provider of advanced technology for the energy industry. With presence in more than 20 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower-carbon world. Learn more about Nabors and its energy technology leadership: www.nabors.com 

Forward-looking Statements

The information included in this press release includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements are subject to a number of risks and uncertainties, as disclosed by Nabors from time to time in its filings with the Securities and Exchange Commission. As a result of these factors, Nabors' actual results may differ materially from those indicated or implied by such forward-looking statements. The forward-looking statements contained in this press release reflect management's estimates and beliefs as of the date of this press release. Nabors does not undertake to update these forward-looking statements.

Investor Contacts:

William C. Conroy
+1 281-775-2423
william.conroy@nabors.com 

Kara K. Peak
+1 281-775-4954
kara.peak@nabors.com 

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SOURCE Nabors Industries Ltd.

FAQ

What did Nabors (NBR) announce on October 9, 2025 regarding the $250 million seller note?

Nabors announced it received $250 million in full prepayment of the seller financing note.

How will the $250 million prepayment affect Nabors' debt strategy (NBR)?

The company intends to use the proceeds to reduce gross debt, focusing on notes maturing in 2028.

Who prepaid the $250 million seller note to Nabors (NBR)?

The seller note was prepaid by Superior Energy, the buyer of Quail Tools.

Did Nabors (NBR) say the prepayment affects liquidity?

Yes, Nabors said the prepayment strengthens financial liquidity.

Is the $250 million seller note related to a prior transaction for Nabors (NBR)?

Yes, it was issued earlier in 2025 in connection with the sale of Quail Tools to Superior Energy.