Nabors Industries (NBR) has issued an announcement.
Nabors Industries, Inc. has revamped its credit facilities, increasing financial flexibility with a newly amended and restated credit agreement. Nabors Delaware now has access to a $350 million revolving loan capacity complemented by a $125 million standalone letter of credit tranche. Additionally, the arrangement includes an expandable $200 million option and is backed by a robust set of guarantees and security interests in drilling assets. The updated credit terms, designed to support Nabors’ operational and financial strategies, reflect a tailored approach to credit management amidst evolving market conditions.
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