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SLB announces successful early tender results and amendment of Exchange Offer

1. SLB announced early tender results for a $2 billion note exchange. 2. The exchange aims to optimize SLB’s capital structure and reduce interest expenses.

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FAQ

Why Bullish?

The note exchange reflects proactive capital management, which can enhance SLB's profitability. Similar strategies have historically led to positive market reactions.

How important is it?

The tender offer is significant in improving SLB’s financial leverage and can attract investor confidence.

Why Short Term?

The immediate effects of the note exchange will influence SLB’s financial metrics in the upcoming quarterly reports.

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HALBKRPTEN
HOUSTON--(BUSINESS WIRE)--Schlumberger Limited (“SLB”) (NYSE: SLB) today announced the early tender results and the amendment of the previously announced offers by Schlumberger Holdings Corporation, an indirect wholly owned subsidiary of SLB (“SHC”), to exchange certain series of notes listed below (the “Existing SISA Notes”), issued by Schlumberger Investment S.A. (“SISA”), for up to $2,000,000,000 aggregate principal amount (such amount, as it may be amended, the “Maximum Exchange Amount”) of.

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