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Nabors Industries receives $250M from Superior Energy seller note prepayment

Nabors Industries (NBR) has received prepayment in full of the $250M seller financing note issued earlier this year, in connection with the sale of Quail Tools to Superior Energy. The seller note was prepaid by Superior ahead of its scheduled maturity, further strengthening Nabors’ financial liquidity. The company intends to use the proceeds to continue reducing gross debt, concentrating on its outstanding notes maturing in 2028.

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