8 June 2017director interest notice● Neutral
NABORS INDUSTRIES LTD director John P Kotts received 31,414 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 June 2017director interest notice● Neutral
NABORS INDUSTRIES LTD director James R Crane received 31,414 shares as part of the equity award.
8 June 2017director interest notice● Neutral
Tanya S Beder became a NABORS INDUSTRIES LTD director and company insider (initial ownership filing).
8 June 2017director interest notice● Neutral
NABORS INDUSTRIES LTD director Michael C Linn received 31,414 shares as part of the equity award.
8 June 2017director interest notice● Neutral
NABORS INDUSTRIES LTD director Tanya S Beder received 31,414 shares as part of the equity award.
8 June 2017director interest notice● Neutral
NABORS INDUSTRIES LTD director John Yearwood received 31,414 shares as part of the equity award.
8 June 2017director interest notice● Neutral
NABORS INDUSTRIES LTD director Dag Skattum received 31,414 shares as part of the equity award.
1 June 2017director interest notice● Neutral
NABORS INDUSTRIES LTD Chief Financial Officer William J Restrepo bought 22,000 shares on the open market.
8 May 2017director interest notice● Neutral
NABORS INDUSTRIES LTD Chief Financial Officer William J Restrepo bought 22,000 shares on the open market at $9.43.
4 May 2017debt financing● Neutral
Nabors' US subsidiary gave notice on 2017-05-04 that it will redeem $200 million of its 6.15% Senior Notes due 2018 on 2017-05-24, paying at least face value plus accrued interest (a make-whole formula applies). This pays down part of the older debt; the filing does not say how the redemption is funded.
28 Apr 2017quarterly activities report▼ Bad
NABORS INDUSTRIES LTD reported quarterly revenue of $562.5 million and a net loss of $149.0 million for the period ended 2017-03-31.
27 Apr 2017quarterly activities report▼ Bad
NABORS INDUSTRIES LTD reported quarterly revenue of $562.5 million and a net loss of $149.0 million for the period ended 2017-03-31.
26 Apr 2017director interest notice● Neutral
NABORS INDUSTRIES LTD CHAIRMAN, PRESIDENT & CEO Anthony G Petrello had 73,218 shares withheld for taxes on vesting stock.
26 Apr 2017director interest notice● Neutral
NABORS INDUSTRIES LTD Chief Financial Officer William J Restrepo had 7,711 shares withheld for taxes on vesting stock.
4 Apr 2017director interest notice● Neutral
NABORS INDUSTRIES LTD director Dag Skattum was credited 9,979 deferred share units under a company plan.
4 Apr 2017director interest notice● Neutral
NABORS INDUSTRIES LTD director John P Kotts was credited 12,914 deferred share units under a company plan.
7 Mar 2017director interest notice● Neutral
NABORS INDUSTRIES LTD CORPORATE SECRETARY Mark D Andrews received 6,481 shares as part of the equity award.
23 Feb 2017quarterly activities report▼ Bad
NABORS INDUSTRIES LTD reported a quarterly net loss of $335.6 million for the period ended 2016-12-31.
21 Feb 2017director interest notice● Neutral
NABORS INDUSTRIES LTD CHAIRMAN, PRESIDENT & CEO Anthony G Petrello acquired 381,424 shares and disposed of 258,200 in a set of related equity transactions.
21 Feb 2017director interest notice● Neutral
NABORS INDUSTRIES LTD Chief Financial Officer William J Restrepo acquired 80,495 shares and disposed of 50,682 in a set of related equity transactions.
13 Feb 2017substantial holder notice● Neutral
Van Eck Associates Corporation disclosed a new substantial NABORS INDUSTRIES LTD shareholding (5.77% of votes).
13 Feb 2017substantial holder notice● Neutral
Morgan Stanley I.R.S. #, Morgan Stanley Smith Barney LLC I.R reported a NABORS INDUSTRIES LTD shareholding of 19,120,949 shares (6.70% of votes) in a periodic institutional filing.
10 Feb 2017substantial holder notice● Neutral
The Vanguard Group reported a NABORS INDUSTRIES LTD shareholding of 21,529,295 shares (7.59% of votes) in a periodic institutional filing.
25 Jan 2017substantial holder notice● Neutral
BlackRock, Inc reported a NABORS INDUSTRIES LTD shareholding of 23,531,483 shares (8.30% of votes) in a periodic institutional filing.
13 Jan 2017capital raising announcement● NeutralMajor
The $500 million exchangeable notes closed on January 13, 2017, and the initial purchasers exercised their $75 million option in full on January 10 (so $575 million in total, an inference from the two figures). Net proceeds were about $561.2 million, to be used to prepay $162.5 million of the term loan and pay about $40.3 million for the capped calls, with the rest for general purposes. Additional capped calls were entered for the extra notes. This completes the offering announced on January 9; any shares issued on exchange would dilute holders, subject to the capped call offset.
11 Jan 2017capital raising announcement● NeutralMajor
On January 9, 2017 Nabors Industries, Inc. agreed to sell $500 million of 0.75% exchangeable senior notes due January 15, 2024, guaranteed by Nabors, with a 30-day option for $75 million more. The notes can be exchanged for cash, Nabors shares or a mix at the company's choice, at an initial price of about $25.16 per share (39.7488 shares per $1,000). Nabors also bought capped calls with a $31.4475 cap, which are expected to reduce potential dilution or offset cash payments on exchange. The announced plan is to use proceeds to prepay the remaining term loan and pay for the capped calls.
5 Jan 2017director interest notice● Neutral
NABORS INDUSTRIES LTD Chief Financial Officer William J Restrepo received 78,931 shares as part of the equity award.
5 Jan 2017director interest notice● Neutral
NABORS INDUSTRIES LTD CHAIRMAN, PRESIDENT & CEO Anthony G Petrello acquired 318,761 shares and disposed of 100,000 in a set of related equity transactions.
4 Jan 2017director interest notice● Neutral
NABORS INDUSTRIES LTD director Dag Skattum was credited 6,960 deferred share units under a company plan.
4 Jan 2017director interest notice● Neutral
NABORS INDUSTRIES LTD director John P Kotts was credited 9,007 deferred share units under a company plan.