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Get filing alertsSLB raises $2B in senior notes across three tranches with rates 4.55%–5.15%
Filed May 12, 2026 · Period ending May 7, 2026 · ~1 min read
Key Changes
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high
Issued $2 billion in senior notes: $500M at 4.550% due 2031, $500M at 4.800% due 2033, and $1B at 5.150% due 2036, all fully guaranteed by SLB Limited.
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medium
Notes sold through underwriting agreement with J.P. Morgan Securities, HSBC Securities, and Standard Chartered Bank as lead underwriters.
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low
Notes issued under existing 2013 base indenture with The Bank of New York Mellon as trustee, supplemented by new Sixth Supplemental Indenture dated May 7, 2026.
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Summary
SLB raised $2 billion in long-term debt through its subsidiary Schlumberger Investment S.A., issuing senior notes across three tranches with maturities ranging from 5 to 10 years. The offering includes $500 million at 4.550% due 2031, $500 million at 4.800% due 2033, and $1 billion at 5.150% due 2036. All notes carry the full and unconditional guarantee of parent company SLB Limited.
The staggered maturity structure spreads refinancing risk across the next decade while providing substantial capital for general corporate purposes. The rates reflect current market conditions for investment-grade energy services debt. For retail holders, this is a routine capital markets transaction that modestly increases the company's debt load but maintains financial flexibility through laddered maturities. The underwriting by major banks and use of an established indenture framework are standard features of such offerings.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 9, 2026 · How we verify