Nabors Secures Waiver to Redeem Up to $100M of 9.125% Senior Notes
NBR has more than doubled off its 52-week low of $30.9.
Summary
Nabors Industries Ltd. disclosed a waiver from its lenders allowing the optional redemption of up to $100 million of its 9.125% senior notes due 2030, expected to close August 12, 2026.
Key Events · Financing and Capital Events · NBR
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Waiver Obtained for Note Redemption
Lenders waived credit agreement restrictions, permitting Nabors to optionally redeem up to $100.0 million of its 9.125% senior priority guaranteed notes due 2030.
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Redemption Expected August 12, 2026
The partial redemption is scheduled to close on August 12, 2026, reducing outstanding high-coupon debt.
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No Change to Other Credit Terms
The waiver is limited to this specific redemption and does not modify other covenants or obligations under the credit agreement.
Analysis · NBR · Energy & Transportation
Lenders have consented to bypass credit agreement restrictions, allowing Nabors to redeem up to $100 million of its 9.125% senior priority guaranteed notes due 2030. The redemption is scheduled for August 12, 2026. This proactive liability management move—retiring high-coupon debt—reduces interest expense and signals confidence in liquidity, though it also consumes cash that could otherwise support operations or capex. The waiver itself is a one-time accommodation and does not alter other credit agreement terms.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NBR was trading at $79.26 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $30.90 to $112.90. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.