SLB (NYSE: SLB) sells 4.550%, 4.800% and 5.150% senior notes due 2031–2036
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
SLB Limited, through subsidiary Schlumberger Investment S.A., issued three tranches of unsecured senior notes under an existing shelf registration. The Issuer sold $500,000,000 of 4.550% Senior Notes due 2031, $500,000,000 of 4.800% Senior Notes due 2033, and $1,000,000,000 of 5.150% Senior Notes due 2036, all fully and unconditionally guaranteed by SLB Limited. The notes were issued under an existing indenture structure, as supplemented on May 7, 2026, and placed with underwriters led by J.P. Morgan Securities LLC, HSBC Securities (USA) Inc. and Standard Chartered Bank.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
2031 Notes: $500,000,000 4.550% Senior Notes due 2031
2033 Notes: $500,000,000 4.800% Senior Notes due 2033
2036 Notes: $1,000,000,000 5.150% Senior Notes due 2036
+3 more
6 metrics
2031 Notes
$500,000,000 4.550% Senior Notes due 2031
Issued by Schlumberger Investment S.A. on May 7, 2026
2033 Notes
$500,000,000 4.800% Senior Notes due 2033
Issued by Schlumberger Investment S.A. on May 7, 2026
2036 Notes
$1,000,000,000 5.150% Senior Notes due 2036
Issued by Schlumberger Investment S.A. on May 7, 2026
Registration Statement
Registration No. 333-295427
Form S-3 filed April 30, 2026
Indenture date
December 3, 2013
Base Indenture date for the notes
Sixth Supplemental Indenture
May 7, 2026
Supplement establishing terms of new notes
Key Terms
Senior Notes, Indenture, Underwriting Agreement, Registration Statement, +2 more
6 terms
Senior Notes financial
"its 4.550% Senior Notes due 2031 (the “2031 Notes”), $500,000,000 aggregate principal amount of its 4.800% Senior Notes due 2033"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
Indenture regulatory
"The Notes were issued under an Indenture dated as of December 3, 2013, by and among the Issuer"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
Underwriting Agreement financial
"were sold pursuant to an underwriting agreement dated as of April 30, 2026"
An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.
Registration Statement regulatory
"under a registration statement on Form S-3 under the Securities Act of 1933"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
prospectus supplement financial
"described under the caption “Description of the Notes” in the prospectus supplement dated April 30, 2026"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
guaranteed financial
"The Notes are fully and unconditionally guaranteed by SLB Limited"
A guarantee is a formal promise that a payment or obligation will be met even if the original party cannot fulfill it, often provided by a third party, insurer, or legal contract. For investors it signals lower risk—similar to a co-signer on a loan—because the guarantor should cover missed payments or performance, but the protection only matters as much as the guarantor’s financial strength and the legal enforceability of the promise.
FAQ
What new debt did SLB (SLB) issue in May 2026?
SLB’s subsidiary issued $500,000,000 of 4.550% Senior Notes due 2031, $500,000,000 of 4.800% Senior Notes due 2033, and $1,000,000,000 of 5.150% Senior Notes due 2036, all fully guaranteed by SLB Limited.
Who is the issuer and guarantor of SLB’s new senior notes?
Schlumberger Investment S.A. is the issuer of the new senior notes, while SLB Limited fully and unconditionally guarantees the notes, providing investors recourse to the parent company’s credit support.
Under what regulatory framework were SLB’s new notes offered?
The new notes were issued under a registration statement on Form S-3 filed under the Securities Act of 1933, with detailed terms described in a base prospectus and a prospectus supplement incorporated by reference.
Which banks underwrote SLB’s May 2026 senior notes offering?
J.P. Morgan Securities LLC, HSBC Securities (USA) Inc. and Standard Chartered Bank acted as representatives of the underwriters under an underwriting agreement dated April 30, 2026 for the senior notes issuance.
What key legal documents govern SLB’s new senior notes?
The notes are governed by an Indenture dated December 3, 2013, as amended and supplemented, including a Sixth Supplemental Indenture dated May 7, 2026, which sets specific terms for the 2031, 2033 and 2036 senior notes.