NOV Inc. Files 8-K: Agreements, Obligations, and Terminations
Ticker: NOV · Form: 8-K · Filed: Sep 12, 2024 · CIK: 1021860
| Field | Detail |
|---|---|
| Company | Nov Inc. (NOV) |
| Form Type | 8-K |
| Filed Date | Sep 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $1.5 billion, $2.5 billion, $2.0 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, agreement-termination
TL;DR
NOV Inc. 8-K: New deals signed, old ones axed, and new debt/obligations created. Details TBD.
AI Summary
On September 12, 2024, NOV Inc. entered into a material definitive agreement and terminated another. The company also created a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the nature of these agreements, terminations, and financial obligations were not provided in this filing.
Why It Matters
This filing indicates significant changes in NOV Inc.'s contractual and financial arrangements, which could impact its future operations and financial health.
Risk Assessment
Risk Level: medium — The filing indicates material definitive agreements and financial obligations, suggesting potential shifts in the company's financial structure and operational commitments.
Key Players & Entities
- NOV Inc. (company) — Registrant
- National Oilwell Varco Inc (company) — Former company name
- National Oilwell Inc (company) — Former company name
- September 12, 2024 (date) — Date of earliest event reported
FAQ
What was the nature of the material definitive agreement entered into by NOV Inc. on September 12, 2024?
The filing does not specify the details of the material definitive agreement entered into by NOV Inc. on September 12, 2024.
Which material definitive agreement was terminated by NOV Inc. on September 12, 2024?
The filing indicates the termination of a material definitive agreement but does not provide its specific name or terms.
What type of direct financial obligation or off-balance sheet arrangement was created by NOV Inc.?
The filing states that a direct financial obligation or an obligation under an off-balance sheet arrangement was created, but the specifics are not detailed.
What is the primary business of NOV Inc. according to the filing?
NOV Inc. is primarily involved in the OIL & GAS MACHINERY & EQUIPMENT industry, with SIC code 3533.
When did NOV Inc. change its name from National Oilwell Varco Inc?
NOV Inc. changed its name from National Oilwell Varco Inc. on March 11, 2005.
Filing Stats: 850 words · 3 min read · ~3 pages · Grade level 12.6 · Accepted 2024-09-12 16:06:02
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share NOV New York Stock Exchan
- $1.5 billion — an aggregate principal amount of up to $1.5 billion. The 2024 Facility will be used for wor
- $2.5 billion — acility to an aggregate amount of up to $2.5 billion upon the consent of only those lenders
- $2.0 billion — rior to the date hereof, provided for a $2.0 billion unsecured revolving credit facility (as
Filing Documents
- d861898d8k.htm (8-K) — 28KB
- d861898dex101.htm (EX-10.1) — 790KB
- 0001193125-24-217980.txt ( ) — 1105KB
- nov-20240912.xsd (EX-101.SCH) — 3KB
- nov-20240912_lab.xml (EX-101.LAB) — 17KB
- nov-20240912_pre.xml (EX-101.PRE) — 11KB
- d861898d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 10.1 5-Year Credit Agreement, dated as of September 12, 2024, among NOV Inc. and the financial institutions signatory thereto, including Wells Fargo Bank, National Association, in its capacity, among others, as Administrative Agent, an Arranger and a Joint Book Runner 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. Date: September 12, 2024 NOV INC. /s/ Peter F. Vranderic Peter F. Vranderic Vice President