Nabors Industries Concludes Private Debt Exchange

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Nabors Industries, Inc. announced on December 14, 2020 that it has completed a private exchange transaction whereby $31,648,000 aggregate principal amount of its 5.75% Senior Notes due 2025 were exchanged for $16,457,000 of the Company’s newly-issued 9.00% Senior Priority Guaranteed Notes due 2025 (the “Additional Notes”) pursuant to the provisions of that certain indenture dated as of December 1, 2020, by and among the Company, the guarantors party thereto and Wilmington Trust, National Association, as trustee, whereby the Company had previously issued $175,575,000 aggregate principal amount of its 9.00% Senior Priority Guaranteed Notes due 2025.

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