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Nabors Announces Commercial Paper Program

HAMILTON, Bermuda, April 10, 2013 /CNW/ - Nabors Industries Ltd. (NYSE:NBR) 
today announced that its wholly owned subsidiary, Nabors Industries, Inc. 
("NII"), has established an unsecured commercial paper program, on a private 
placement basis, under which NII may issue from time to time unsecured 
commercial paper notes up to a maximum aggregate amount outstanding at any 
time of $1.5 billion.  NII's revolving credit facility is available to repay 
the notes if necessary.  The notes are guaranteed by Nabors Industries Ltd. 
(collectively with NII, the "Company"), and the proceeds of the notes will be 
used by the Company for general corporate purposes. 
The notes to be offered by NII under the commercial paper program will not be 
registered under the Securities Act of 1933 and may not be offered or sold in 
the United States absent registration or an applicable exemption from 
registration requirements. This press release shall not constitute an offer to 
sell or the solicitation of an offer to buy NII's notes under its commercial 
paper program. 
Contact:  Dennis Smith, 281-775-8038, dennis.smith@nabors.com 
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SOURCE: Nabors Industries Ltd. 
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http://www.newswire.ca/en/releases/archive/April2013/10/c4071.html 
CO: Nabors Industries Ltd.
NI: OIL UTI NEWSTK  
-0- Apr/10/2013 11:01 GMT
 
 
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