| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 700.000 | 5.5 | May-27 | Senior | B3 | B- | B | Fixed | Tsy | - | 7.50% a | 609 | 7.38% | - | 100.00000 |
Tranche Comments
5.5 yr: First Pay: 2022-05-15; Redemption: 2024-05-15; Registration: 144A/Reg S; Comments: US$700m 7.375% cpn 5.5yr (5/15/27) NC2.5 (5/15/24) at 100.00, yld 7.375%. Spread: T+609bp. MWC T+50bp prior to 5/15/24, and then 103.688, 101.844, 100.00. Equity clawback: Up to 35% at 107.375 prior to 5/15/24. Settle: 11/23/21. 144A CUSIP: 62957HAJ4;
Guarantor(s)
Nabors Industries Ltd, Nabors Holdings Ltd, Nabors Global Holdings Ltd, Nabors Lux Finance 1, Nabors International Finance Inc, Nabors Drilling Holdings Inc, Nabors International Management Ltd, Nabors Drilling Canada Ltd
Use of Proceeds
Repay outstanding amounts and general corporate purposes