Nabors Industries Ltd. Enters Material Definitive Agreement

TL;DR

Nabors just signed a big deal, expect new financial obligations.

AI Summary

Nabors Industries Ltd. entered into a material definitive agreement on August 29, 2025. This agreement also created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for Nabors Industries Ltd., which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes that require careful monitoring.

Key Players & Entities

• Nabors Industries Ltd. (company) — Registrant
• August 29, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $250.0 million — rease the Facility Limit, which remains $250.0 million. The A&R Indemnification Agreement rev

Filing Documents

• tm2523985d2_8k.htm (8-K) — 34KB
• tm2523985d2_ex10-1.htm (EX-10.1) — 86KB
• tm2523985d2_ex10-2.htm (EX-10.2) — 78KB
• tm2523985d2_ex10-3.htm (EX-10.3) — 80KB
• 0001104659-25-086363.txt ( ) — 492KB
• nbr-20250829.xsd (EX-101.SCH) — 3KB
• nbr-20250829_lab.xml (EX-101.LAB) — 33KB
• nbr-20250829_pre.xml (EX-101.PRE) — 22KB
• tm2523985d2_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. On August 29, 2025, Nabors Industries, Inc. a Delaware corporation ("Nabors Delaware"), Nabors A.R.F., LLC, a bankruptcy remote special purpose entity organized under the laws of Delaware ("NARF"), Wells Fargo Bank, N.A. as administrative agent (the "Administrative Agent") and the purchasers party thereto (together, the "Purchasers"), entered into the Fifth Amendment to the Receivables Purchase Agreement (the "Fifth Purchase Agreement Amendment"), amending that certain Receivables Purchase Agreement dated September 13, 2019 (as amended by that certain First Amendment to the Receivables Purchase Agreement dated July 13, 2021, by that certain Second Amendment to the Receivables Purchase Agreement dated May 13, 2022, by that certain Third Amendment to the Receivables Purchase Agreement dated June 29, 2022, and by that certain Fourth Amendment to the Receivables Purchase Agreement dated April 1, 2024, the "Existing Purchase Agreement" and, as amended by the Fifth Purchase Agreement Amendment, the "Purchase Agreement"). NARF, Nabors Delaware, and certain operating subsidiaries of Nabors Industries Ltd., a Bermuda exempted company (the "Company"), also entered into the First Amendment and Joinder to Receivables Sale Agreement (the "First Sale Agreement Amendment"), amending and joining additional parties to that certain Receivables Sale Agreement dated September 13, 2019 (the "Existing Sale Agreement" and, as amended by the First Sale Agreement Amendment, the "Sale Agreement"). Furthermore, the Company and the Administrative Agent also entered into the Amended and Restated Indemnification Agreement dated August 29, 2025 (the "A&R Indemnification Agreement") amending and restating that certain Indemnification Agreement dated September 13, 2019 (the "Existing Indemnification Agreement"). The First Sale Agreement Amendment amends the Sale Agreement to, among other things, add certain subsidiaries of Parker Drilling C

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. (b) The disclosure set forth in Item 1.01 above is incorporated herein by reference in its entirety.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Fifth Amendment to the Receivables Purchase Agreement, dated as of August 29, 2025, by and among Nabors A.R.F., LLC, Nabors Industries, Inc., Arab Banking Corporation B.S.C. New York Branch, Nomura Corporate Funding Americas, LLC, and Wells Fargo Bank, N.A.* 10.2 First Amendment and Joinder to the Receivables Sale Agreement, dated as of August 29, 2025, by and among Nabors A.R.F., LLC, Nabors Industries, Inc., Arab Banking Corporation B.S.C. New York Branch, Nomura Corporate Funding Americas, LLC, Wells Fargo Bank, N.A, the existing originators party thereto, and the additional originators party thereto.* 10.3 A&R Indemnification Agreement, dated as of August 29, 2025, between Nabors Industries Ltd. and Wells Fargo Bank, N.A. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Certain schedules and exhibits have been omitted in accordance with Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished supplementally to the Securities and Exchange Commission upon request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Nabors Industries Ltd. Date: September 2, 2025 By: /s/ Mark D. Andrews Mark D. Andrews Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR