UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.02Termination of a Material Definitive Agreement.
On April 30, 2020, Nabors Industries, Inc. (“Nabors Delaware”), a wholly owned subsidiary of Nabors Industries Ltd., gave notice of its intent to terminate, effective immediately, its existing Credit Agreement, dated as of November 29, 2012, by and among Nabors Delaware, the various lenders party thereto, and Wilmington Trust, National Association, as Successor Administrative Agent thereunder (as such has been amended from time to time, the “2012 Credit Facility”). There were no amounts outstanding under the 2012 Credit Facility, and no early termination penalties or fees are or will be due as a result of its termination.
Nabors Delaware’s other existing credit agreement, dated October 11, 2018, by and among Nabors Delaware and Nabors Drilling Canada Limited, as co-borrower, the guarantors identified therein, the lenders party thereto, and Citibank, N.A., as administrative agent, as amended, will not be affected by the termination of the 2012 Credit Facility and will remain outstanding after the termination of the 2012 Credit Facility.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NABORS INDUSTRIES LTD.
Date: May 1, 2020By: /s/Mark D. Andrews
Mark D. Andrews
Corporate Secretary