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BRIEF-Nabors announces offering of exchangeable senior unsecured notes
January 9, 2017 / 9:44 PM / 10 months ago

BRIEF-Nabors announces offering of exchangeable senior unsecured notes

Jan 9 (Reuters) - Nabors Industries Ltd :

* Nabors announces offering of exchangeable senior unsecured notes

* Nabors Industries Ltd - unit commenced an offering of $500 million aggregate principal amount of exchangeable senior unsecured notes due 2024

* Nabors Industries -net proceeds will be used to prepay remaining balance of NII’s unsecured term loan, among others

* Nabors Industries - unit expects to grant initial purchasers of notes a 30-day option to purchase up to an additional $75 million principal amount of notes

* Nabors Industries- Nabors, NII intend to enter privately negotiated capped call transactions with one or more of initial purchasers and/or affiliates Source text for Eikon: Further company coverage:

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