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July 30, 2015 11:57 PM ET

Energy Equipment and Services

Company Overview of Nabors Industries, Inc.

Company Overview

Nabors Industries, Inc. offers land drilling contractor services. The company provides offshore platform work over and drilling rigs. The company conducts oil, gas, and geothermal land drilling operations in Alaska and Canada, and internationally, primarily in South and Central America, the Middle East, and Africa. The company was incorporated in 1978 and is based in Houston, Texas. Nabors Industries, Inc. operates as a subsidiary of Nabors Industries Ltd.

515 West Greens Road

Suite 1200

Houston, TX 77067

United States

Founded in 1978

Phone:

281-874-0035

Fax:

281-872-5205

Key Executives for Nabors Industries, Inc.

Chief Executive Officer
Age: 60
Compensation as of Fiscal Year 2015.

Nabors Industries, Inc. Key Developments

Nabors Announces Expiration of Tender Offer for 9.25% Senior Notes Due 2019

Nabors Industries Inc. announced that the tender offer to purchase for cash any and all of 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or waived, NII will accept for purchase and make payment for all of the notes validly tendered and not validly withdrawn prior to the expiration of the tender offer, representing a total aggregate principal amount of approximately $785.4 million, tomorrow, September 12, 2013.

Nabors Industries Inc. Prices $700 Million in Senior Unsecured Debt Offering

Nabors Industries Ltd. announced that its wholly owned subsidiary, Nabors Industries Inc. has priced $700 million in senior unsecured notes, following the private placement offering it announced earlier on September 4, 2013. The notes consist of $350 million aggregate principal amount of 2.35% senior notes due 2016 at an issue price of 99.942% and $350 million aggregate principal amount of 5.10% senior notes due 2023 at an issue price of 99.635%. The notes will be fully and unconditionally guaranteed by Nabors Industries Ltd. The proceeds from the notes are intended to be used, together with cash on hand and borrowings under NII's revolving credit facility, if necessary, to purchase any and all of its outstanding $1.125 billion aggregate principal amount of 9.25% Senior Notes due 2019 that are validly tendered in connection with the NII's tender offer announced on September 4, 2013 and to pay related fees and expenses.

Nabors Industries Inc. Announces Tender Offer for Outstanding 9.25% Senior Notes Due 2019

Nabors Industries Ltd. announced that Nabors Industries Inc. has commenced a tender offer to purchase for cash, subject to certain terms and conditions, any and all of its $1.125 billion outstanding aggregate principal amount of 9.25% Senior Notes due 2019. The tender offer is being made pursuant to an Offer to Purchase and a related Letter of Transmittal. Holders of the notes are urged to carefully read the Tender Offer Materials before making any decision with respect to the tender offer. The total consideration payable for each $1,000 principal amount of the notes validly tendered and accepted for payment. In addition to the total consideration, the company will also pay accrued and unpaid interest on the notes purchased from the last interest payment date up to, but not including, the settlement date. The settlement date for the tender offer is expected to be promptly after the Expiration Date, and is currently expected to be September 12, 2013, unless the tender offer is extended or earlier terminated. To receive the Total Consideration, holders of the Notes must validly tender and not validly withdraw their notes prior to the Expiration Date. Notes tendered may be withdrawn at any time prior to 5 p.m., Eastern time, on September 11, 2013, by following the procedures described in the Tender Offer Materials. The obligation of the Company to accept for purchase and to pay the total consideration and the accrued and unpaid interest on the notes pursuant to the tender offer is not subject to any minimum tender condition, but is subject to satisfaction or waiver of certain other conditions, including a financing condition, described in the Tender Offer Materials. The company 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.

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