Hashtag: #NaborsIndustries
Nabors To Commence Offering Of Senior Notes
Bermuda-registered Nabors Industries Ltd. announced on Wednesday [Sept 4] that its wholly owned subsidiary, Nabors Industries, Inc. has commenced an offering of senior unsecured notes, consisting of senior unsecured notes due 2016 and senior unsecured notes due 2023. The notes will be fully and unconditionally guaranteed by Nabors Industries Ltd. The... Read more of this article
Nabors Appoints John Kotts As New Director
Bermuda-headquartered Nabors Industries Ltd. announced that its Board of Directors voted to expand the Board to eight members from the current seven and subsequently appointed John P. Kotts to fill the newly created vacancy. Mr. Kotts is a private investor and entrepreneur. From 1990 to 1998, he owned and operated Cardinal Services, Inc., a leading... Read more of this article
Nabors Announces First Quarter 2013 Results
Bermuda-registered Nabors Industries Ltd. today [Apr 23] reported its financial results for the first quarter of 2013. Adjusted income derived from operating activities was $149.6 million, compared to $315.5 million in the first quarter of 2012 and $149.8 million in the fourth quarter of 2012. Operating cash flow (EBITDA) was $423.0 million for the... Read more of this article
Nabors: $700 Million Revolving Credit Facility
On Sept 2nd Bermuda-headquartered Nabors Industries Ltd. announced the receipt of commitment letters with respect to an unsecured revolving credit facility with an aggregate principal amount of up to $700 million. The term of the credit facility is expected to be four years. The facility is also expected to include an accordion feature that would allow... Read more of this article
Nabors Buys Superior Well For $900 Million
Bermuda-registered Nabors Industries Ltd, the largest onshore petroleum driller, will acquire Superior Well Services Inc in a transaction valued at approximately $900 million. Gene Isenberg, Nabors’ Chairman and CEO, commented: “For some time now, we have evaluated integrating more service offerings into our business, particularly internationally.... Read more of this article
