Nabors Industries Ltd. announced that it has commenced an offering of senior guaranteed notes due 2026 and senior guaranteed notes due 2028 The notes will be fully and unconditionally guaranteed by certain of Nabors' indirect wholly-owned subsidiaries consisting of Nabors Industries Inc. Nabors Drilling Holdings Inc., Nabors International Finance Inc., Nabors Lux Finance 1, Nabors Global Holdings Ltd. and Nabors Holdings Ltd. The notes will be senior unsecured obligations of Nabors and will rank pari passu in right of payment with all of Nabors' existing and future senior obligations. The guarantees of the notes will be senior unsecured obligations of the guarantors and will rank pari passu in right of payment with all of the guarantors' existing and future senior obligations. Nabors intends to use the net proceeds from this offering to fund NII's offer to repurchase, for an aggregate purchase price of up to $800 million NII's 5.50% senior notes due 2023, 4.625% senior notes due 2021, 5.10% senior notes due 2023 and 5.00% senior notes due 2020 in the tender offers and consent solicitations for such notes announced and will use the remaining proceeds for the repayment of debt and other general corporate purposes.