Summary
SLB LIMITED/NV (SLB) filed an 8-K on December 3, 2013, to report the issuance of $1.5 billion in aggregate principal amount of 3.650% Senior Notes due 2023. These notes were issued by its subsidiary, Schlumberger Investment SA (SISA), and are fully and unconditionally guaranteed by the parent company, Schlumberger Limited. The issuance was made under a previously filed registration statement and an underwriting agreement dated November 25, 2013, with Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC acting as representatives for the underwriters. The notes were issued pursuant to an Indenture and a First Supplemental Indenture, both dated December 3, 2013. This filing provides the necessary documentation and incorporation by reference for these new debt securities.
Key Highlights
- 1SLB issued $1.5 billion in Senior Notes due 2023.
- 2The notes carry a coupon rate of 3.650%.
- 3The issuance was conducted through its subsidiary, Schlumberger Investment SA (SISA).
- 4Schlumberger Limited provided a full and unconditional guarantee for the notes.
- 5The notes were registered under a Form S-3 filed earlier in 2013.
- 6The issuance was managed by a syndicate of underwriters led by Citigroup, Deutsche Bank, and J.P. Morgan.
- 7This 8-K filing incorporates by reference key legal documents related to the debt issuance, including the underwriting agreement and indentures.