Nabors Announces Expiration Of Tender Offer

HAMILTON, Bermuda, Sept. 11, 2013 /CNW/ - Nabors Industries Ltd. (NYSE:NBR) 
announced today that the tender offer by its wholly owned subsidiary, Nabors 
Industries, Inc. ("NII"), to purchase for cash any and all of NII's $1.125 
billion outstanding aggregate principal amount of 9.25% Senior Notes due 2019 
expired at 5:00 p.m., Eastern time, on September 11, 2013. If the conditions 
to the tender offer are satisfied or waived, NII will accept for purchase and 
make payment for all of the notes validly tendered and not validly withdrawn 
prior to the expiration of the tender offer, representing a total aggregate 
principal amount of approximately $785.4 million, tomorrow, September 12, 2013. 
The pricing information for the tender offer was calculated as of 2:00 p.m., 
Eastern time, on September 11, 2013, and is summarized in the table below: 
                           Relevant                   Tender Consideration
Security    Maturity Reference Bloomberg Fixed  Reference Offer  (for each
Description Date     Security  Page      Spread Yield     Yield  $1,000 
Senior               1.375%
Notes due            Treasury
2019 (CUSIP January  Note due  FIT6      195bps 1.813%    3.763% $1,263.20
Nos.        15, 2019 December
629568AT3            31, 2018 
(1) Excludes accrued and unpaid interest. 
The detailed methodology for calculating the total consideration for validly 
tendered notes is outlined in NII's offer to purchase and related letter of 
transmittal, each dated September 4, 2013, which are available from the 
information agent as set forth below. In addition to the total consideration, 
NII will pay accrued and unpaid interest on the notes purchased from the last 
interest payment date up to, but not including, the settlement date in the 
amount of $14.65 per $1,000. 
NII has retained Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, HSBC 
Securities (USA) Inc. and Mizuho Securities USA Inc. to serve as the Dealer 
Managers for the tender offer. Global Bondholder Services Corporation has been 
retained to serve as the Depositary and Information Agent for the tender 
offer. Questions regarding the tender offer may be directed to Citi at 390 
Greenwich Street, New York, New York, 10013, Attn: Liability Management Group, 
(800) 558-3745 (toll-free), (212) 723-6106 (collect) or Morgan Stanley at 1585 
Broadway, New York, New York, 10036, Attn: Liability Management Group, (800) 
624-1808 (toll-free), (212) 761-0858 (collect). Requests for NII's offer to 
purchase and related letter of transmittal may be directed to Global 
Bondholder Services Corporation at (212) 430-3774 (for banks and brokers) or 
(866) 387-1500 (for all others). 
This press release does not constitute an offer to purchase securities or a 
solicitation of an offer to purchase any securities, nor does it constitute an 
offer or solicitation in any jurisdiction in which such offer or solicitation 
is unlawful. 
The information above 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 certain 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. Nabors does not undertake to update these forward-looking 
For further information regarding Nabors, please contact Dennis A. Smith, 
Director of Corporate Development & Investor Relations, at 281-775-8038. To 
request investor materials, contact Nabors' corporate headquarters in 
Hamilton, Bermuda at 441-292-1510 or via email at

SOURCE  Nabors Industries Ltd. 
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