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Nabors Extends Exchange Offer Of Up To $700 Million In Notes

DOW JONES NEWSWIRES Nabors Industries Ltd. (NBR) extended its offer to exchange up to $700 million in 2020 notes, after the land-drilling oil contractor said nearly all of the old notes had been tendered in the exchange. The offer, originally scheduled to expire on Feb. 18, will now expire at 5 p.m. EST Wednesday, unless further extended. Nabors said as of Feb. 18, about $698 million, or 99.7%, of the old notes had been confirmed as tendered in exchange for the new notes. Last week, Nabors reported it swung to a profit following prior-year writedowns as its top line surged on continued strong gains in the Lower 48 drilling operations. The company has seen North American revenue boosted by acquisitions lately. The industry has largely benefited from increasing dayrates, improved margins and higher rig counts. Shares fell 0.8% to $27.95 in premarket trading. -By John Kell, Dow Jones Newswires; 212-416-2480;

Stock News for Nabors (NBR)
11/06/201517:49:40Quarterly Report (10-q)
11/03/201517:19:57Current Report Filing (8-k)
10/28/201506:02:53Current Report Filing (8-k)
10/27/201521:10:00Nabors Posts Loss
10/27/201516:18:00Nabors Announces Third Quarter Results
10/27/201516:18:00Nabors Announces Third Quarter Results
10/22/201509:35:06Schlumberger Limited's Ominous Warning to Oil-Field Service Investors
10/05/201516:01:00Nabors Industries Ltd. Third Quarter 2015 Earnings Conference...
10/05/201516:01:00Nabors Industries Ltd. Third Quarter 2015 Earnings Conference...
10/01/201514:42:12Statement of Changes in Beneficial Ownership (4)
10/01/201514:36:33Statement of Changes in Beneficial Ownership (4)
10/01/201509:02:10Current Report Filing (8-k)
09/30/201511:06:00Stock Summaries from the Basic Materials Sector - Nabors Industries...
09/09/201509:02:05Current Report Filing (8-k)
08/26/201506:02:51Current Report Filing (8-k)
08/05/201516:02:17Quarterly Report (10-q)
08/05/201510:00:19U.S. Hot Stocks: Hot Stocks to Watch
08/04/201518:30:21Nabors Swings to Loss
08/04/201517:02:36Current Report Filing (8-k)
08/04/201516:15:00Nabors Announces Second Quarter Results

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