Jun 2024
Conyers advised Nabors Industries Ltd. (“Nabors”) in connection with the amendment and restatement, by its wholly owned subsidiary Nabors Industries, Inc. of its existing credit facility.
The amended and restated facility comprises US$350 million revolving loan tranche and a US$125 million letter of credit tranche. Additionally the facility contains an uncommitted US$200 million accordion that can be applied to the revolving tranche, the letter of credit tranche, or both.
The Conyers team was led by Directors Chiara Nannini and Marcello Ausenda, Counsel David Stubbs and Associate Angelica Wales, working alongside Milbank LLP.