Nabors Industries Ltd. - 2011-04-21
Description
Closed an additional unsecured revolving credit facility. The duration and terms of this new facility are substantially the same as the $750-million credit facility the company established last September. Citigroup Global Markets Inc., Mizuho Corporate Bank Ltd., Morgan Stanley Senior Funding Inc. and UBS Securities LLC are joint lead arrangers and joint bookrunners and have committed equal sums. The remaining lenders are HSBC Bank USA N.A., PNC Bank, N.A. and Bank of America, N.A.