Brief: Nabors Announces Sale Of Quail Tools To Superior Energy Services For $600 Million
20/08/2025 21:52
Aug 20 (Reuters) - Nabors Industries Ltd NBR.N: NABORS ANNOUNCES SALE OF QUAIL TOOLS TO SUPERIOR ENERGY SERVICES FOR $600 MILLION NABORS INDUSTRIES LTD - DEAL REDUCES NABORS NET DEBT BY OVER 25% NABORS INDUSTRIES - UPON FULL REALIZATION OF SALE PROCEEDS, CO EXPECTS NET DEBT TO DECLINE BY $625 MILLION NABORS INDUSTRIES LTD - QUAIL ESTIMATED TO GENERATE ABOUT $150 MILLION ADJUSTED EBITDA IN 2025 Source text: ID:nPn73RHQxa Further company coverage: NBR.N ((Reuters.Briefs@thomsonreuters.com;))
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