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Brigade Capital Management, LP, Brigade Capital Management GP, LLC, and Donald E. Morgan III filed Amendment No. 1 to Schedule 13G on Nabors Industries Ltd. They report beneficial ownership of 740,975 common shares of Nabors (CUSIP G6359F137), representing 4.7% of the class, with the Date of Event noted as 09/30/2025.
The filing lists shared voting power: 740,975 and shared dispositive power: 740,975, with no sole voting or dispositive power. The securities are held by advisory clients of Brigade Capital Management, LP, and each such client is stated to hold no more than 5% of the class. The certification states the securities were acquired and are held in the ordinary course and not for the purpose of changing or influencing control.
FAQ
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What stake in Nabors Industries (NBR) is reported in this Schedule 13G/A?
The filing reports 740,975 common shares, representing 4.7% of the class.
Who are the reporting persons in the Nabors (NBR) Schedule 13G/A?
The reporting persons are Brigade Capital Management, LP, Brigade Capital Management GP, LLC, and Donald E. Morgan III.
What voting and dispositive powers are disclosed?
They disclose shared voting power: 740,975 and shared dispositive power: 740,975, with no sole power for either.
What is the Date of Event for this ownership report?
The Date of Event is 09/30/2025.
Who holds the Nabors shares referenced in the filing?
All reported securities are held by advisory clients of Brigade Capital Management, LP.
Does the filing indicate an intent to influence control of Nabors (NBR)?
No. The certification states the shares were acquired and are held in the ordinary course, not to change or influence control.
Is any single client reported to hold over 5% of Nabors’ shares?
No. The filing states none of those advisory clients may be deemed to beneficially own more than 5% of the class.
Brigade Capital Management, LP
Brigade Capital Management GP, LLC
Donald E. Morgan, III
(b)
Address or principal business office or, if none, residence:
Brigade Capital Management, LP
399 Park Avenue, 16th Floor
New York, New York 10022
United States of America
Brigade Capital Management GP, LLC
399 Park Avenue, 16th Floor
New York, New York 10022
United States of America
Donald E. Morgan, III
399 Park Avenue, 16th Floor
New York, New York 10022
United States of America
(c)
Citizenship:
Brigade Capital Management, LP - Delaware
Brigade Capital Management GP, LLC - Delaware
Donald E. Morgan, III - United States
(d)
Title of class of securities:
Common shares, $.05 par value per share
(e)
CUSIP No.:
G6359F137
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Brigade Capital Management, LP - 740,975
Brigade Capital Management GP, LLC - 740,975
Donald E. Morgan, III - 740,975
(b)
Percent of class:
Brigade Capital Management, LP - 4.7%
Brigade Capital Management GP, LLC - 4.7%
Donald E. Morgan, III - 4.7%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Brigade Capital Management, LP - 0
Brigade Capital Management GP, LLC - 0
Donald E. Morgan, III - 0
(ii) Shared power to vote or to direct the vote:
Brigade Capital Management, LP - 740,975
Brigade Capital Management GP, LLC - 740,975
Donald E. Morgan, III - 740,975
(iii) Sole power to dispose or to direct the disposition of:
Brigade Capital Management, LP - 0
Brigade Capital Management GP, LLC - 0
Donald E. Morgan, III - 0
(iv) Shared power to dispose or to direct the disposition of:
Brigade Capital Management, LP - 740,975
Brigade Capital Management GP, LLC - 740,975
Donald E. Morgan, III - 740,975
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the securities reported in this Schedule 13G Amendment No. 1 are directly owned by advisory clients of Brigade Capital Management, LP. None of those advisory clients may be deemed to beneficially own more than 5% of the Common shares, $.05 par value per share.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B attached hereto.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
BRIGADE CAPITAL MANAGEMENT, LP
Signature:
By: /s/ Donald E. Morgan, III
Name/Title:
Donald E. Morgan, III, Managing Member of its General Partner
Date:
11/14/2025
BRIGADE CAPITAL MANAGEMENT GP, LLC
Signature:
By: /s/ Donald E. Morgan, III
Name/Title:
Donald E. Morgan, III, Managing Member
Date:
11/14/2025
DONALD E. MORGAN, III
Signature:
By: /s/ Donald E. Morgan, III
Name/Title:
Donald E. Morgan, III
Date:
11/14/2025
Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Exhibit Information
Exhibit A - Joint Filing Agreement
Exhibit B - Control Person Identification
