Nabors Industries Ltd. announced the full redemption of its outstanding 7.500% Senior Guaranteed Notes due 2028.
As of December 31, 2025, Nabors' total debt was approximately $2.5 billion with cash and short-term investments around $940 million.
The net debt decreased by approximately $366 million in the fourth quarter, reaching about $1.55 billion, the lowest level since 2008.
Debt Redemption
Nabors redeemed its 7.500% Senior Guaranteed Notes due 2028 at par, totaling approximately $379 million.
Net Debt Reduction
Net debt decreased by approximately $366 million in the fourth quarter, equivalent to about $25 per Nabors common share.
Long-Term Debt
Following the redemption, long-term debt stands around $2.15 billion with the next debt maturity in 2029.
Operational Impact
The debt reduction reflects Nabors' commitment to enhancing shareholder value through financial discipline and operational efficiency.
Future Strategy
Nabors' strategic actions have strengthened its capital structure, extending its financing runway to 2029 for continued progress.
- The redemption of the Senior Guaranteed Notes and the significant reduction in net debt mark a pivotal financial milestone for Nabors Industries Ltd.
- The lowered net leverage to the lowest level since 2008 signifies the company's focus on improving its financial position and creating value for shareholders.
Nabors Industries' proactive approach to debt management and financial restructuring demonstrates its commitment to long-term sustainability and value creation for investors.