Attached files
file | filename |
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8-K - FORM 8-K - NABORS INDUSTRIES LTD | h84231e8vk.htm |
EX-10.1 - EX-10.1 - NABORS INDUSTRIES LTD | h84231exv10w1.htm |
EX-99.2 - EX-99.2 - NABORS INDUSTRIES LTD | h84231exv99w2.htm |
Exhibit 99.1
NEWS RELEASE
NABORS TO COMMENCE OFFERING OF SENIOR NOTES
HAMILTON, Bermuda, August 16, 2011 PRNewswire-FirstCall Nabors Industries Ltd. (NYSE: NBR)
today announced that its wholly owned subsidiary, Nabors Industries, Inc., has commenced an
offering of Senior Unsecured Notes. The Notes will be fully and unconditionally guaranteed by
Nabors Industries Ltd. The proceeds are intended to be used for general corporate purposes,
including repayment of debt.
The notes will be offered to qualified institutional buyers under Rule 144A and may be offered in
offshore transactions pursuant to Regulation S. The notes have not been registered under the
Securities Act of 1933, as amended (the Securities Act), and, unless so registered, may not be
offered or sold in the United States except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and applicable state securities
laws. This press release shall not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of the notes in any state in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under the securities laws of any such
state.
The information above includes forward-looking statements within the meaning of the Securities Act
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.
For further information, please contact Dennis A. Smith, Director of Corporate Development for
Nabors Corporate Services, Inc., at 281-775-8038. To request Investor Materials, contact our
corporate headquarters in Hamilton, Bermuda at 441-292-1510 or via email at
mark.andrews@nabors.com.