XML 83 R43.htm IDEA: XBRL DOCUMENT v3.20.1
Debt (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended
Apr. 30, 2020
USD ($)
Jan. 31, 2020
USD ($)
Mar. 31, 2020
USD ($)
May 05, 2020
$ / shares
Dec. 31, 2019
USD ($)
Oct. 11, 2018
USD ($)
Long-term debt            
Long-term Debt     $ 3,426,725   $ 3,363,552  
Less: current portion          
Less: deferred financing costs     38,711   30,332  
Long-term Debt, Excluding Current Maturities, Total     $ 3,388,014   3,333,220  
Interest rate on senior notes due (as a percent)     7.25%      
Principal amount redeemed   $ 952,900 $ 1,100,000      
Repayment of long-term debt including accrued and unpaid interest     1,100,000      
Purchase price for the tender offer     952,900      
Payment of accrued and unpaid interest     11,200      
Gain (Loss) on debt repurchase     15,700      
Subsequent Event            
Long-term debt            
Share price of shares purchased (in dollars per share) | $ / shares       $ 58.08    
5.00% senior notes due September 2020            
Long-term debt            
Senior Notes     $ 239,791   282,046  
Interest rate on senior notes due (as a percent)     5.00%      
5.00% senior notes due September 2020 | Subsequent Event            
Long-term debt            
Principal amount redeemed $ 154,900          
Repayment of long-term debt including accrued and unpaid interest $ 132,900          
4.625% senior notes due September 2021            
Long-term debt            
Senior Notes     $ 221,032   634,588  
Interest rate on senior notes due (as a percent)   4.625% 4.625%      
Repayment of long-term debt including accrued and unpaid interest   $ 379,700        
5.50% senior notes due January 2023            
Long-term debt            
Senior Notes     $ 46,410   501,003  
Interest rate on senior notes due (as a percent)   5.50% 5.50%      
Repayment of long-term debt including accrued and unpaid interest   $ 407,700        
5.10% senior notes due September 2023            
Long-term debt            
Senior Notes     $ 166,001   336,810  
Interest rate on senior notes due (as a percent)   5.10% 5.10%      
Repayment of long-term debt including accrued and unpaid interest   $ 165,500        
0.75% senior exchangeable notes due January 2024            
Long-term debt            
Senior Notes     $ 478,305   472,603  
Interest rate on senior notes due (as a percent)     0.75%      
Aggregate amount of senior notes     $ 575,000      
5.75% senior notes due February 2025            
Long-term debt            
Senior Notes     $ 775,186   781,502  
Interest rate on senior notes due (as a percent)     5.75%      
7.25% senior notes due January 2026            
Long-term debt            
Senior Notes     $ 600,000      
Interest rate on senior notes due (as a percent)     7.25%      
Aggregate amount of senior notes   600,000        
7.50% senior notes due January 2028            
Long-term debt            
Senior Notes     $ 400,000      
Interest rate on senior notes due (as a percent)     7.50%      
Aggregate amount of senior notes   $ 400,000        
2012 Revolving Credit Facility            
Long-term debt            
Revolving credit facility     $ 300,000   $ 355,000  
Maximum borrowing capacity           $ 666,250
Weighted average interest rate (as a percent)     3.02%      
2018 Revolving Credit Facility            
Long-term debt            
Revolving credit facility     $ 200,000      
Interest rate on senior notes due (as a percent)           5.50%
Amount outstanding     $ 200,000      
Maximum borrowing capacity           $ 1,013,600
Weighted average interest rate (as a percent)     3.67%      
Debt to EBITDA ratio     5.5      
Guarantor Subsidiaries | 2018 Revolving Credit Facility            
Long-term debt            
Maximum borrowing capacity           $ 981,600,000
Guarantor Subsidiaries | 2018 Revolving Credit Facility | Minimum            
Long-term debt            
Assets to debt ratio           2.50
Nabors Canada | 2018 Revolving Credit Facility            
Long-term debt            
Maximum borrowing capacity           $ 32,000