26 Feb 2021director interest notice● Neutral
NABORS INDUSTRIES LTD CORPORATE SECRETARY Mark D Andrews received 711 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Feb 2021director interest notice● Neutral
NABORS INDUSTRIES LTD CHAIRMAN, PRESIDENT & CEO Anthony G Petrello had 7,480 shares withheld for taxes on vesting stock.
23 Feb 2021quarterly activities report▼ Bad
NABORS INDUSTRIES LTD reported quarterly revenue of $443.4 million and a net loss of $108.2 million for the period ended 2020-12-31.
23 Feb 2021substantial holder notice● Neutral
CREDIT SUISSE AG/ reported a NABORS INDUSTRIES LTD shareholding of 352,342 shares (4.83% of votes) in a periodic institutional filing.
12 Feb 2021substantial holder notice● Neutral
Dimensional Fund Advisors LP disclosed a new substantial NABORS INDUSTRIES LTD shareholding (5.60% of votes).
11 Feb 2021substantial holder notice● Neutral
Renaissance Technologies LLC, RENAISSANCE TECHNOLOGIES HOLDINGS CORPORATION reported a NABORS INDUSTRIES LTD shareholding of 173,525 shares (2.38% of votes) in a periodic institutional filing.
10 Feb 2021substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial NABORS INDUSTRIES LTD shareholding (7.58% of votes).
5 Feb 2021material agreement● Neutral
On 2021-02-05 Nabors amended its shareholder rights plan (dated 2020-05-05, triggered at 4.9% ownership) so BlackRock is not counted as an 'Acquiring Person'. This depends on BlackRock's letter agreement: no 20% or greater stake, no single fund at 7% or more of the common shares, and acquisitions only in the ordinary course without seeking control. The board can remove the exclusion if BlackRock breaches those terms. The filing does not state the reason for the plan.
5 Feb 2021substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial NABORS INDUSTRIES LTD shareholding (13.80% of votes).
28 Jan 2021substantial holder notice● Neutral
Hushang Ansary reported no remaining NABORS INDUSTRIES LTD shareholding in its periodic institutional filing.
5 Jan 2021director interest notice● Neutral
NABORS INDUSTRIES LTD Chief Financial Officer William J Restrepo acquired 30,310 shares and disposed of 2,100 in a set of related equity transactions.
5 Jan 2021director interest notice● Neutral
NABORS INDUSTRIES LTD CHAIRMAN, PRESIDENT & CEO Anthony G Petrello acquired 93,242 shares and disposed of 19,128 in a set of related equity transactions.
14 Dec 2020debt financing● Neutral
On 2020-12-11 Nabors Delaware swapped a further $31.648M of its 5.75% notes due 2025 for $16.457M of additional 9.00% notes due 2025, under the December 1 indenture. These rank equally with the earlier 9.00% notes and are structurally senior to its other notes. It continues the exchange program from earlier in the month.
4 Dec 2020debt financing● NeutralMajor
On 2020-12-01 Nabors Delaware issued $175.575M of new 9.0% notes due 2025 in exchange for $380.196M of older notes: the 4.625% 2021, 5.50% 2023, 5.10% 2023, 5.75% 2025, 0.75% exchangeable 2024, 7.25% 2026 and 7.50% 2028 notes. There were no cash proceeds. The new notes are guaranteed by Nabors and subsidiaries and, as described, rank ahead of the older non-guaranteed notes. Total face debt drops, but at a 9.0% rate, and the exchanged holders move into higher-ranking notes.
10 Nov 2020substantial holder notice● Neutral
The Vanguard Group reported a NABORS INDUSTRIES LTD shareholding of 350,011 shares (4.80% of votes) in a periodic institutional filing.
4 Nov 2020quarterly activities report▼ Bad
NABORS INDUSTRIES LTD reported quarterly revenue of $438.4 million and a net loss of $157.5 million for the period ended 2020-09-30.
3 Nov 2020quarterly activities report▼ Bad
NABORS INDUSTRIES LTD reported quarterly revenue of $438.4 million and a net loss of $157.5 million for the period ended 2020-09-30.
3 Nov 2020debt financing● NeutralMajor
On 2020-10-29 Nabors Delaware issued $50.485M of new 6.5% notes due 2025 in exchange for $115M of its 0.75% exchangeable notes due 2024, with no cash proceeds. The new notes carry guarantees from Nabors and subsidiaries, including some lower-tier ones. It also amended the exchangeable notes' indenture so any future exchange must be settled in cash, not shares. This is the first step of exchanging older notes for new ones, and it reduces the face amount of the exchangeable notes (the cash-settlement change means those notes can no longer add shares).
24 Sept 2020debt financing▼ BadMajor
On 2020-09-24 Nabors amended its 2018 credit agreement (Amendment No. 4). Lenders get a first-lien claim on certain US and Canadian drilling rigs, and the 5.5x debt-to-EBITDA test is replaced by a minimum liquidity requirement of $160.0M. The guarantor coverage ratio rises from 2.5x to 4.25x, the general debt basket falls to $90.0M, and up to $500M of subordinated-ranking unsecured notes is allowed. Maturity, commitments and interest are unchanged, and lenders who approved were paid a 0.25% fee. This changes the December 2019 covenant terms and puts rig security behind the bank debt.
4 Aug 2020quarterly activities report▼ Bad
NABORS INDUSTRIES LTD reported quarterly revenue of $533.9 million and a net loss of $148.1 million for the period ended 2020-06-30.
28 July 2020quarterly activities report▼ Bad
NABORS INDUSTRIES LTD reported quarterly revenue of $533.9 million and a net loss of $148.1 million for the period ended 2020-06-30.
5 June 2020substantial holder notice● Neutral
Hushang Ansary disclosed a new substantial NABORS INDUSTRIES LTD shareholding (6.80% of votes).
15 May 2020listing compliance notice▲ GoodMajor
the exchange certified NABORS INDUSTRIES LTD's securities for listing, clearing them to begin trading.
8 May 2020quarterly activities report▼ Bad
NABORS INDUSTRIES LTD reported quarterly revenue of $718.4 million and a net loss of $391.8 million for the period ended 2020-03-31.
1 May 2020material agreement termination● Neutral
On 2020-04-30 Nabors Delaware terminated its 2012 credit agreement, with nothing outstanding under it and no termination fees. The separate October 2018 credit agreement stays in place.
20 Feb 2020quarterly activities report▼ Bad
NABORS INDUSTRIES LTD reported quarterly revenue of $714.3 million and a net loss of $262.7 million for the period ended 2019-12-31.
12 Feb 2020substantial holder notice● Neutral
Renaissance Technologies LLC, RENAISSANCE TECHNOLOGIES HOLDINGS CORPORATION disclosed a new substantial NABORS INDUSTRIES LTD shareholding (5.58% of votes).
12 Feb 2020substantial holder notice● Neutral
The Vanguard Group reported a NABORS INDUSTRIES LTD shareholding of 37,332,050 shares (10.27% of votes) in a periodic institutional filing.
10 Feb 2020substantial holder notice● Neutral
ICS Opportunities II LLC, Cognizant Holdings, Ltd, ICS Opportunities, Ltd, Integrated Assets, Ltd, Millennium International Management LP, Millennium Management LLC, Millennium Group Management LLC, Israel A. Englander reported no remaining NABORS INDUSTRIES LTD shareholding in its periodic institutional filing.
10 Feb 2020substantial holder notice● Neutral
BlackRock, Inc reported a NABORS INDUSTRIES LTD shareholding of 56,302,802 shares (15.40% of votes) in a periodic institutional filing.