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Nabors Announces Partial Redemption of 7.375% Senior Priority Guaranteed Notes Due in 2027

1. Nabors announces redemption of $150 million in senior notes due 2027. 2. Redemption date set for September 30, 2025 at 101.844% of principal. 3. Debt reduction viewed as key value driver by CEO Anthony Petrello. 4. Proceeds from Quail Tools sale will support debt reduction efforts. 5. Nabors aims to leverage technology for future energy solutions.

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Why Bullish?

The scheduled redemption of debt suggests improved financial health. Past actions of debt reduction have positively impacted shares in similar companies.

How important is it?

The article discusses significant debt reduction, a primary financial concern for investors. Managing debt effectively can enhance market perception of Nabors.

Why Long Term?

Improving capital structure could lead to sustained long-term growth. Historical analysis shows reduced debt often correlates with stock price appreciation over time.

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PARRPTENSLB
, /PRNewswire/ -- Nabors Industries, Inc ("Nabors" or the "Company"), a wholly-owned subsidiary of Nabors Industries Ltd. ("Parent") (NYSE: NBR) today announced that it has given notice of redemption of $150 million face value of its 7.375% Senior Priority Guaranteed Notes due in 2027. The redemption date is September 30, 2025 and the redemption price is 101.844% of the principal amount of securities to be redeemed, plus accrued and unpaid interest. Anthony G. Petrello, Nabors Chairman, President and CEO, commented, "The reduction of debt is one of our key value drivers. We are committed to using the proceeds from the sale of Quail Tools in our business to help accomplish that reduction. This redemption comes after we already repaid the outstanding balance on our revolving credit facility, which was drawn earlier to repay the term loan assumed from Parker Wellbore. The redemption marks another concrete step in this process."    About Nabors Industries Nabors Industries (NYSE: NBR) is a leading provider of advanced technology for the energy industry. With presence in more than 20 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower-carbon world. Learn more about Nabors and its energy technology leadership: www.nabors.com. Forward-looking Statements The information included in this press release includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements are subject to a number of risks and uncertainties, as disclosed by Nabors from time to time in its filings with the Securities and Exchange Commission. As a result of these factors, Nabors' actual results may differ materially from those indicated or implied by such forward-looking statements. The forward-looking statements contained in this press release reflect management's estimates and beliefs as of the date of this press release. Nabors does not undertake to update these forward-looking statements.  Investor Contacts:  William C. Conroy, CFA, Vice President of Corporate Development & Investor Relations, +1 281-775-2423 or via e-mail [email protected], or Kara K. Peak, Director of Corporate Development & Investor Relations, +1 281-775-4954 or via email [email protected]. To request investor materials, contact Nabors' corporate headquarters in Hamilton, Bermuda at +441-292-1510 or via e-mail [email protected] SOURCE Nabors Industries Ltd. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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