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Nabors Industries Issues Statement on Superior Energy Announcement

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Nabors Industries (NYSE:NBR) has responded to Superior Energy Services' recent senior secured notes offering announcement. CEO Anthony G. Petrello confirmed that Superior plans to use $250 million of the proceeds to repay seller financing owed to Nabors from the Quail Tools, LLC acquisition.

Nabors intends to use these incoming funds for debt reduction, specifically targeting their 2027 and 2028 senior notes, as part of their ongoing deleveraging strategy to enhance long-term shareholder value.

Nabors Industries (NYSE:NBR) ha risposto all'annuncio recente di Superior Energy Services sull'emissione di note garantite senior. Il CEO Anthony G. Petrello ha confermato che Superior intende utilizzare 250 milioni di dollari dei proventi per rimborsare il finanziamento al venditore dovuto a Nabors dall'acquisizione di Quail Tools, LLC. Nabors intende utilizzare queste risorse in arrivo per la riduzione del debito, mirata specificamente alle loro obbligazioni senior del 2027 e 2028, come parte della loro strategia di deleveraging in corso per aumentare il valore per gli azionisti nel lungo periodo.

Nabors Industries (NYSE:NBR) ha respondido al anuncio reciente de la oferta de notas senior garantizadas de Superior Energy Services. El CEO Anthony G. Petrello confirmó que Superior planea usar 250 millones de dólares de los ingresos para pagar el financiamiento al vendedor adeudado a Nabors por la adquisición de Quail Tools, LLC. Nabors tiene la intención de utilizar estos fondos entrantes para la reducción de deuda, específicamente orientados a sus notas senior de 2027 y 2028, como parte de su estrategia continua de desapalancamiento para mejorar el valor para los accionistas a largo plazo.

Nabors Industries (NYSE:NBR)은 Superior Energy Services의 최근 선순위 담보채 발행 발표에 대응했다. CEO Anthony G. Petrello는 Superior가 Quail Tools, LLC 인수로 Nabors에 빚진 매도인 자금조달을 상환하기 위해 수익의 2억 5천만 달러를 사용할 계획이라고 확인했다. Nabors는 이 들어오는 자금을 부채감소에 사용하려고 하며, 2027년 및 2028년의 선순위 채권을 특히 겨냥하는 한편, 장기 주주가치 향상을 위한 지속적인 차입축소(deleveraging) 전략의 일환으로 활용할 예정이다.

Nabors Industries (NYSE:NBR) a répondu à l'annonce récente de l'offre d'obligations garanties senior de Superior Energy Services. Le PDG Anthony G. Petrello a confirmé que Superior prévoit d'utiliser 250 millions de dollars des produits pour rembourser le financement vendeur dû à Nabors lié à l'acquisition de Quail Tools, LLC. Nabors a l'intention d'utiliser ces fonds entrants pour la réduction de la dette, en ciblant plus particulièrement leurs obligations senior de 2027 et 2028, dans le cadre de leur stratégie de désendettement continu afin d'accroître la valeur pour les actionnaires à long terme.

Nabors Industries (NYSE:NBR) hat auf die jüngste Ankündigung von Superior Energy Services hinsichtlich eines Angebots von Senior Secured Notes reagiert. CEO Anthony G. Petrello bestätigte, dass Superior plant, 250 Millionen Dollar der Erlöse zu verwenden, um Verkäuferfinanzierungen zu begleichen, die Nabors aus der Übernahme von Quail Tools, LLC schulden. Nabors beabsichtigt, diese eingehenden Mittel zur Schuldentilgung zu verwenden, wobei sie insbesondere ihre Senior Notes 2027 und 2028 ins Visier nehmen, als Teil ihrer fortlaufenden Entschuldungstrategie zur Steigerung des langfristigen Aktionärswerts.

Nabors Industries (NYSE:NBR) استجابت للإعلان الأخير لشركة Superior Energy Services عن عرض سندات مضمونة علوية. أكد الرئيس التنفيذي أنتوني جي. بيتريلو أن Superior تخطط لاستخدام 250 مليون دولار من العائدات لسداد التمويل الذي يدفعه البائع لـ Nabors من عملية استحواذ Quail Tools, LLC. تعتزم Nabors استخدام هذه الأموال الواردة في تقليل الدين، مع استهداف سنداتها المميزة لعام 2027 و2028، كجزء من استراتيجيتها المستمرة لتخفيف الدين بهدف تعزيز قيمة المساهمين على المدى الطويل.

Nabors Industries (NYSE:NBR) 已回应 Superior Energy Services 最近关于发行高级担保票据的公告。首席执行官 Anthony G. Petrello 确认,Superior 计划将2.5亿美元的收益用于偿还 Nabors 因 Quail Tools, LLC 收购而对卖方的融资。 Nabors 打算将这些资金用于减债,特别是针对 2027 年和 2028 年的高级票据,作为其持续去杠杆化战略的一部分,以提升长期股东价值。

Positive
  • Expected receipt of $250 million from Superior Energy to reduce debt
  • Strategic focus on deleveraging through debt reduction of 2027 and 2028 notes
  • Progress in enhancing long-term shareholder value through debt management
Negative
  • Significant outstanding debt remains on 2027 and 2028 senior notes

HAMILTON, Bermuda, Sept. 30, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) issued the following statement today from Chairman, President and CEO Anthony G. Petrello regarding the senior secured notes offering and planned uses of net proceeds announced by Superior Energy Services, Inc. ("Superior"):

"We congratulate Superior on the successful completion of its recent notes offering. The stated use of proceeds includes repayment of $250 million in seller financing from Nabors related to Superior's acquisition of Quail Tools, LLC. We intend to apply these funds to our own debt reduction. In addition, as stated earlier, we are currently working to address the remaining balances on our 2027 and 2028 senior notes, reiterating our 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 

 

Cision View original content:https://www.prnewswire.com/news-releases/nabors-industries-issues-statement-on-superior-energy-announcement-302571659.html

SOURCE Nabors Industries Ltd.

FAQ

How much will Nabors Industries (NBR) receive from Superior Energy's notes offering?

Nabors Industries will receive $250 million from Superior Energy, which represents repayment of seller financing related to Superior's acquisition of Quail Tools, LLC.

What will Nabors Industries do with the $250 million payment from Superior Energy?

Nabors Industries plans to use the $250 million payment for debt reduction, specifically targeting their 2027 and 2028 senior notes.

How does the Superior Energy payment affect Nabors Industries' debt strategy?

The payment supports Nabors Industries' deleveraging strategy, allowing them to address outstanding balances on their 2027 and 2028 senior notes and enhance long-term shareholder value.

What was the purpose of Superior Energy's payment to Nabors Industries (NBR)?

The $250 million payment is to repay seller financing that Nabors provided to Superior Energy for their acquisition of Quail Tools, LLC.
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