Nabors Industries Ltd. Enters Material Definitive Agreement
Ticker: NBRWF · Form: 8-K · Filed: Sep 4, 2025 · CIK: 1163739
| Field | Detail |
|---|---|
| Company | Nabors Industries LTD (NBRWF) |
| Form Type | 8-K |
| Filed Date | Sep 4, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $100.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Nabors just signed a big deal, creating new financial obligations. Check the exhibits for details.
AI Summary
On September 4, 2025, Nabors Industries Ltd. entered into a material definitive agreement, creating a direct financial obligation. The filing details this agreement and related financial obligations, with specific exhibits provided for further review.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Nabors Industries Ltd., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.
Key Players & Entities
- Nabors Industries Ltd. (company) — Registrant
- September 4, 2025 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Nabors Industries Ltd. enter into?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific nature of the agreement is detailed in the exhibits.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 4, 2025.
What is the principal executive office address for Nabors Industries Ltd.?
The principal executive offices are located at Crown House, 4 Par-la-Ville Road, Second Floor, Hamilton, HM08, Bermuda.
What is the SEC file number for Nabors Industries Ltd.?
The SEC file number for Nabors Industries Ltd. is 001-32657.
What are the key items reported in this 8-K filing?
The key items reported are the Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, and Financial Statements and Exhibits.
Filing Stats: 684 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2025-09-04 16:19:54
Key Financial Figures
- $100.0 million — mit Nabors Delaware to repurchase up to $100.0 million of equity of either Nabors Delaware or
Filing Documents
- tm2525275d1_8k.htm (8-K) — 29KB
- tm2525275d1_ex10-1.htm (EX-10.1) — 62KB
- 0001104659-25-087479.txt ( ) — 263KB
- nbr-20250904.xsd (EX-101.SCH) — 3KB
- nbr-20250904_lab.xml (EX-101.LAB) — 33KB
- nbr-20250904_pre.xml (EX-101.PRE) — 22KB
- tm2525275d1_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement. On September 4, 2025, Nabors Industries, Inc. ("Nabors Delaware"), a wholly owned subsidiary of Nabors Industries Ltd. (the "Company"), and the Company entered into the first amendment (the "First Amendment") to its amended and restated credit agreement dated June 17, 2024 ("A&R Credit Agreement" and, as amended by the First Amendment, the "Credit Agreement"), among themselves, the other guarantors from time to time party thereto, the revolving lenders, the letter of credit facility participants, the issuing banks and other lenders party thereto and Citibank, N.A., as administrative agent. The First Amendment revised the restricted payments covenant to permit Nabors Delaware to repurchase up to $100.0 million of equity of either Nabors Delaware or any parent entity in any fiscal year. Usage of this provision will reduce Nabors Delaware's ability to make dividends on a dollar-for-dollar basis; any dividends distributed by Nabors Delaware will likewise reduce Nabors Delaware's ability to make buybacks of equity on a dollar-for-dollar basis. The other provisions of the A&R Credit Agreement remain unchanged. A copy of the First Amendment, which is filed as an exhibit to this Form 8-K as Exhibit 10.1, is incorporated herein by reference and should be read in its entirety for a complete description of its provisions. The summary in this report is qualified in its entirety by the text of such provisions.
03 Creation of a Direct Financial Obligation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information provided in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 1 to Amended & Restated Credit Agreement, dated as of September 4, 2025, among Nabors Industries, Inc., as Borrower, Nabors Industries Ltd., as Holdings, the other Guarantors from time to time party thereto, the Issuing Banks and other Lenders party thereto and Citibank, N.A., as Administrative Agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES 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 4, 2025 By: /s/ Mark D. Andrews Name: Mark D. Andrews Title: Corporate Secretary