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Nabors Industries Ltd. (NYSE: NBR) is a global leader in advanced drilling technology and energy sector innovation. This page serves as the definitive source for official company announcements, financial disclosures, and operational developments impacting the oil & gas services market.
Access real-time updates including earnings reports, strategic partnerships, and technological advancements in automation and sustainable drilling practices. Our curated news collection helps stakeholders track material events affecting NBR's market position and operational capabilities across 20+ countries.
Key updates cover rig fleet expansions, international contract awards, and innovations in data-driven drilling solutions. Bookmark this page for direct access to SEC filings, investor presentations, and analysis of Nabors' industry-leading safety initiatives and ESG progress.
Monitor critical developments in land-based and offshore operations through verified sources. Return regularly for comprehensive coverage of Nabors Industries' role in shaping efficient energy extraction technologies worldwide.
Nabors Industries announced an amendment and restatement of its $475 million secured credit facility, which includes $350 million for revolving credit and $125 million for letters of credit. This facility matures on June 17, 2029, with potential early maturity based on the status of other debt securities. This replaces the previous $350 million facility due in January 2026. Key changes include an increase in the letter of credit facility from $100 million to $125 million and a $200 million uncommitted accordion feature. The interest coverage ratio remains at 2.75:1.00, with a minimum guarantor value of 90%. The initial borrowing margin is approximately 2.75%, subject to changes in Nabors' credit ratings. CFO William Restrepo highlighted the improved liquidity and flexibility to support international market growth and working capital needs.
Vista Energy and Nabors Industries have signed a contract to deploy a third drilling rig in Vaca Muerta, Argentina. The project aims to accelerate Vista's development in the region, with the expectation of putting between four to eight wells into production by year-end. The collaboration represents an extension of a strategic relationship between the two companies, with a focus on operational excellence and environmental sustainability.
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