Schlumberger Ltd. - 2010-10-22
Description
The tender offer to purchase for cash up to a maximum payment amount of $1 billion for its outstanding 8.625% notes due 2014; its 6% senior notes due 2016; and its 9.75% notes due 2019 has expired. Citi, JPMorgan and Morgan Stanley are deal managers. The company has accepted for purchase all notes validly tendered and not validly withdrawn pursuant to the tender offer. Approximately $227 million aggregate principal amount of the 8.625% notes, $187.5 million aggregate principal amount of the 6.00% senior notes and $550.6 million aggregate principal amount of the 9.75% notes, respectively, remain outstanding.