Item 8.01 Other Events
On November 13, 2020, Nabors Industries Ltd. ("Nabors") issued a press release
announcing (a) the early results of certain exchange offers previously announced
by Nabors Industries, Inc., its indirect wholly-owned subsidiary ("NII"),
including its offers to exchange (x) certain aggregate principal amounts of
NII's (i) 4.625% Senior Notes due 2021, (ii) 5.50% Senior Notes due 2023, (iii)
5.10% Senior Notes due 2023, (iv) 5.75% Senior Notes due 2025, (v) 0.75% Senior
Exchangeable Notes due 2024 and (y) certain aggregate principal amounts of
Nabors' (i) 7.25% Senior Guaranteed Notes due 2026 and (ii) 7.50% Senior
Guaranteed Notes due 2028, to eligible holders for up to $300 million aggregate
principal amount of newly issued 9.00% Senior Priority Guaranteed Notes due 2025
and (b) that NII had extended the "early participation date" with respect to the
offers to exchange its 5.50% Senior Notes due 2023, 5.10% Senior Notes due 2023,
5.75% Senior Notes due 2025 and 0.75% Senior Exchangeable Notes due 2024. Except
with respect to the early participation date, which was extended until 11:59
p.m. on November 27, 2020 with respect only to NII's 5.50% Senior Notes due
2023, 5.10% Senior Notes due 2023, 5.75% Senior Notes due 2025 and 0.75% Senior
Exchangeable Notes due 2024, the terms and conditions set forth in NII's
confidential exchange offering memorandum, dated October 29, 2020, remain
unchanged, including with respect to the expiration of the exchange offers,
which are scheduled to occur at 11:59 p.m. on November 27, 2020.
A copy of the press release is included in this Form 8-K as Exhibit 99.1 and is
incorporated herein by reference.
The information in Item 8.01 of this Current Report on Form 8-K shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that section or
Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
99.1 Press Release regarding early results and extension of early
participation date, dated November 13, 2020.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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