Nabors Places $575 Million of Senior Unsecured Notes

Nabors Industries Ltd. reported that that its wholly owned subsidiary Nabors Industries Inc., sold $575 million in Senior Unsecured Notes with registration rights in a private placement under rule 144A. The notes will mature on February 15, 2018. The notes are fully and unconditionally guaranteed by Nabors Industries Ltd.

These securities have not been registered under the Securities Act of 1933 or any and may not be offered or sold in the US or Canada absent registration or an applicable exemption from registration requirements.

The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks and uncertainties, as disclosed by Nabors from time to time in its filings with the Securities and Exchange Commission. As a result of these factors, Nabors' actual results may differ materially from those indicated or implied by such forward-looking statements.