Nabors Industries gets waiver for $100M redemption

Rhea-AI Filing Summary

Nabors Industries Ltd., through wholly owned subsidiary Nabors Industries, Inc. (“Nabors Delaware”), entered into a waiver dated July 23, 2026 with Citibank, N.A., as administrative agent, and the lenders under its amended and restated credit agreement dated June 17, 2024. The waiver modifies restrictions under that facility related to Nabors Delaware’s ability to redeem certain debt securities.

The waiver permits an optional redemption of up to $100.0 million in aggregate principal amount of Nabors Delaware’s 9.125% senior priority guaranteed notes due 2030, described as the Partial Redemption. This Partial Redemption is expected to occur on August 12, 2026.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Partial Redemption cap: $100.0 million Interest rate on notes: 9.125% Notes maturity year: 2030 +3 more

6 metrics

Partial Redemption cap $100.0 million Maximum aggregate principal amount of notes that may be optionally redeemed

Interest rate on notes 9.125% Coupon on senior priority guaranteed notes subject to Partial Redemption

Notes maturity year 2030 Maturity of 9.125% senior priority guaranteed notes eligible for redemption

Waiver date July 23, 2026 Date Nabors Delaware and Nabors Industries Ltd. entered into the waiver

Expected redemption date August 12, 2026 Expected date for the Partial Redemption of notes

A&R Credit Agreement date June 17, 2024 Date of amended and restated credit agreement referenced by the waiver

Key Terms

A&R Credit Agreement, senior priority guaranteed notes, aggregate principal amount, Partial Redemption

4 terms

A&R Credit Agreement financial

"to the amended and restated credit agreement, dated June 17, 2024"

senior priority guaranteed notes financial

"Nabors Delaware’s 9.125% senior priority guaranteed notes due 2030"

aggregate principal amount financial

"redeem up to $100.0 million in aggregate principal amount of Nabors Delaware’s"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

Partial Redemption financial

"the “Partial Redemption”. The Partial Redemption is expected to take place"

Partial redemption is when an issuer repays only a portion of a debt or redeemable security issue—such as bonds, notes, or preferred shares—rather than the entire outstanding amount. It matters to investors because it changes the size of their holding and future cash flows: some holders receive cash for the redeemed portion while remaining investors retain a smaller, unchanged instrument, similar to trimming part of a loan and leaving the rest on the original terms.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What material agreement did NBR enter into on July 23, 2026?

NBR, through Nabors Industries, Inc., entered into a waiver with Citibank, N.A. and lenders under its amended and restated credit agreement. The waiver concerns restrictions affecting an optional redemption of certain 9.125% senior priority guaranteed notes due 2030.

How much of NBR’s 9.125% senior priority guaranteed notes may be redeemed under the waiver?

The waiver allows an optional redemption of up to $100.0 million in aggregate principal amount of Nabors Delaware’s 9.125% senior priority guaranteed notes due 2030. This amount defines the maximum size of the Partial Redemption referenced in the agreement.

When is the Partial Redemption of NBR’s notes expected to occur?

The Partial Redemption is expected to occur on August 12, 2026. This date applies to the optional redemption of up to $100.0 million of Nabors Delaware’s 9.125% senior priority guaranteed notes due 2030 permitted by the waiver.

What are the key terms of the NBR notes affected by the waiver?

The affected securities are Nabors Delaware’s 9.125% senior priority guaranteed notes due 2030. The waiver permits an optional redemption of up to $100.0 million aggregate principal amount of these notes, characterized in the disclosure as the Partial Redemption.

Who are the parties to NBR’s waiver related to its credit agreement?

Parties include Nabors Industries, Inc. as borrower, Nabors Industries Ltd. as holdings, Citibank, N.A. as administrative agent, and the lenders under the amended and restated credit agreement dated June 17, 2024. The waiver is dated July 23, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/29/2026 - 04:01 PM Accepted by SEC EDGAR 07/29/2026 - 04:01 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 23, 2026

NABORS INDUSTRIES LTD.

(Exact name of registrant as specified in its charter)

Bermuda		001-32657		98-0363970
(State or Other Jurisdiction of Incorporation or Organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

Crown House 4 Par-la-Ville Road Second Floor Hamilton, HM08 Bermuda		N/A
(Address of principal executive offices)		(Zip Code)

(441) 292-1510

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

	¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: 

Title of each class		Trading Symbol(s)		Name of exchange on which registered
Common shares		NBR		NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01 Entry into a Material Definitive Agreement.

On July 23, 2026, Nabors Industries, Inc. (“Nabors Delaware”), a wholly owned subsidiary of Nabors Industries Ltd. (the “Company”), and the Company entered into a waiver dated as of the date hereof (the “Waiver”) by and among themselves, Citibank, N.A., as administrative agent and the lenders party thereto, to the amended and restated credit agreement, dated June 17, 2024, among Nabors Delaware, the Company, the other guarantors from time to time party thereto, the revolving lenders, the letter of credit facility participants, the issuing banks and other lenders party thereto and Citibank, N.A., as administrative agent (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “A&R Credit Agreement”).

The Waiver waives any restrictions imposed by the A&R Credit Agreement on the ability of Nabors Delaware to optionally redeem up to $100.0 million in aggregate principal amount of Nabors Delaware’s 9.125% senior priority guaranteed notes due 2030 (the “Partial Redemption”). The Partial Redemption is expected to take place on August 12, 2026.

A copy of the Waiver, which is filed as an exhibit to this Form 8-K as Exhibit 10.1, is incorporated herein by reference and should be read in its entirety for a complete description of its provisions. The summary in this report is qualified in its entirety by the text of such provisions.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information provided in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
10.1		Waiver to A&R Credit Agreement, dated as of July 23, 2026, among Nabors Industries, Inc., as Borrower, Nabors Industries Ltd., as Holdings, Citibank, N.A., as Administrative Agent, and the lenders party thereto.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NABORS INDUSTRIES LTD.
Date: July 29, 2026	By:	/s/ Mark D. Andrews
		Name: Mark D. Andrews
		Title: Vice President & Corporate Secretary

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 37.6 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB