Nabors Industries expands letter of credit capacity by $25M to $150M total

Filed April 7, 2026 · Period ending April 7, 2026 · ~1 min read

Key Changes

• medium

  Nabors increased its letter of credit capacity by $25 million to $150 million total through an amendment to its credit agreement. This expansion provides additional financial flexibility without reducing revolving loan capacity.

  Item 1.01 verify on EDGAR →
• medium

  The company added BOKF (Bank of Texas) as a new letter of credit facility participant, diversifying its banking relationships under the existing credit agreement with Citibank as administrative agent.

  Item 1.01 verify on EDGAR →
• medium

  Nabors disclosed the creation of a direct financial obligation or off-balance sheet arrangement, with details incorporated from the credit facility expansion described in Item 1.01.

  Item 2.03 verify on EDGAR →