Key Developments: Nabors Industries Ltd (NBR.N)

NBR.N on New York Stock Exchange

28.80USD
11 Jul 2014
Price Change (% chg)

$-0.19 (-0.66%)
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$28.99
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Latest Key Developments (Source: Significant Developments)

Nabors Industries Ltd announces agreement to combine completion & production services businesses with C&J Energy Services
Wednesday, 25 Jun 2014 05:54pm EDT 

Nabors Industries Ltd:Signed a definitive agreement to combine its completion and production services businesses in the U.S. and Canada with C&J Energy Services, Inc an independent oilfield services and manufacturing company.Following the completion of this transaction, Nabors will own about 53 percent of the combined company, which will be incorporated in Bermuda and listed on the NYSE as C&J Energy Services Ltd.In addition to the 62.54 million shares of the combined company, Nabors will also receive approximately $937 million cash, to be paid from proceeds of a public debt placement by the combined company.  Full Article

Nabors Industries Ltd names new chief financial officer
Wednesday, 29 Jan 2014 10:05am EST 

Nabors Industries Ltd:Plans to appoint William Restrepo as chief financial officer (CFO).  Full Article

Nabors Industries Ltd Signs Agreement to Sell Peak Oilfield Service Company LLC
Monday, 30 Sep 2013 10:00pm EDT 

Nabors Industries Ltd announced that Bristol Bay Native Corporation (BBNC) has signed a definitive agreement with Nabors Alaska Services Corp to acquire a 100% ownership interest in Peak Oilfield Service Company LLC (Peak). The acquisition is subject to customary closing conditions and is expected to close during the fourth quarter of 2013. Simmons & Company International is acting as financial advisor to Nabors in the sale of Peak to BBNC.  Full Article

Nabors Industries Ltd Declares Quarterly Cash Dividend-Form 8-K
Wednesday, 31 Jul 2013 05:20pm EDT 

Nabors Industries Ltd reported in its Form 8-K that the Board of Directors declared a quarterly cash dividend of $0.04 per common share, which will be paid on September 27, 2013, to shareholders of record at the close of business on September 6, 2013.  Full Article

Nabors Industries Ltd Issues Q2 2013 EBIT Guidance Below Analysts' Estimates
Tuesday, 9 Jul 2013 04:00pm EDT 

Nabors Industries Ltd announced that for the second quarter of 2013, it expects operating income to be in the range of $88 to $91 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBIT of $118 million for second quarter of 2013.  Full Article

Nabors Industries Ltd Initiates First Quarterly Cash Dividend
Wednesday, 27 Feb 2013 04:02pm EST 

Nabors Industries Ltd announced that Board of Directors has approved the initiation of a quarterly cash dividend. A dividend of $0.04 per common share will be paid on March 28, 2013, to shareholders of record at the close of business on March 11, 2013.  Full Article

Nabors Industries Ltd Secures $1.5 billion Five-Year Unsecured Revolving Credit Facility
Thursday, 29 Nov 2012 07:45pm EST 

Nabors Industries Ltd announced the closing of an unsecured revolving credit facility with an aggregate principal amount of $1.5 billion, comprised of a US dollar-denominated loan facility of up $1.45 billion and a Canadian dollar-denominated loan facility of up to $50 million. The duration of the facility is five years. The terms of the new facility are substantially the same as the $750 million credit facility established in September 2010 and the $700 million credit facility established in April 2011, both of which were terminated contemporaneously with the establishment of the new facility. A Canadian $50 million unsecured revolving loan facility was also terminated contemporaneously with the establishment of the new facility. The new facility includes an accordion feature that would allow the Company to add lenders and increase the aggregate principal amount up to $1.95 billion. Citigroup Global Markets Inc., Mizuho Corporate Bank Ltd. and HSBC Bank USA, N.A. acted as joint lead arrangers and bookrunners. The other lenders participating in the facility are HSBC Bank Canada, Morgan Stanley Bank, N.A., PNC Bank, National Association, Bank of America, N.A., Bank of Tokyo-Mitsubishi UFJ, Ltd., Wells Fargo Bank, N.A., Compass Bank, Sumitomo Mitsui Banking Corporation, Arab Banking Corporation, Grand Cayman Branch, and U.S. Bank National Association.  Full Article

Deals of the day- Mergers and acquisitions

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