Nabors Redeems $379M Senior Notes, Reduces Net Debt by $366M in Q4, Extending Maturity to 2029

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This filing reports a highly positive financial development for Nabors Industries. The complete redemption of $379 million in senior notes due 2028, coupled with a $366 million net debt reduction in Q4 2025 (and $550 million year-over-year), substantially strengthens the company's balance sheet. This action extends the weighted average debt maturity to 5.3 years, with the next maturity now in 2029, significantly de-risking the company and improving its financial flexibility. The achievement of the lowest net leverage since 2008 underscores a strong commitment to debt reduction, which is a key driver of shareholder value.

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• Debt Redemption

  Nabors fully redeemed its outstanding $379 million 7.500% Senior Guaranteed Notes due 2028 at par, plus accrued interest.

• Significant Net Debt Reduction

  The company reduced net debt by approximately $366 million in Q4 2025, totaling $550 million since December 31, 2024, bringing net leverage to its lowest level since 2008.

• Extended Debt Maturity

  Following the redemption, long-term debt stands at approximately $2.15 billion, and the weighted average maturity on outstanding debt increased to 5.3 years, with the next maturity now in 2029.

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This filing reports a highly positive financial development for Nabors Industries. The complete redemption of $379 million in senior notes due 2028, coupled with a $366 million net debt reduction in Q4 2025 (and $550 million year-over-year), substantially strengthens the company's balance sheet. This action extends the weighted average debt maturity to 5.3 years, with the next maturity now in 2029, significantly de-risking the company and improving its financial flexibility. The achievement of the lowest net leverage since 2008 underscores a strong commitment to debt reduction, which is a key driver of shareholder value.