Summary
SLB LIMITED/NV (SLB) filed an 8-K report on August 11, 2020, detailing the issuance of an additional $350,000,000 aggregate principal amount of 2.650% Senior Notes due 2030. These notes are a further issuance and fungible with the $900,000,000 of the same notes previously issued on June 26, 2020, bringing the total outstanding principal amount of these notes to $1,250,000,000. The issuance was conducted under a previously filed registration statement on Form S-3 and is fully and unconditionally guaranteed by Schlumberger Limited. This action signifies SLB's continued access to debt markets and its strategy for managing its capital structure. Investors should note the aggregate increase in debt and the fixed interest rate associated with this tranche of notes.
Key Highlights
- 1SLB issued an additional $350 million in 2.650% Senior Notes due 2030 on August 11, 2020.
- 2These new notes are fungible with and will trade interchangeably with the existing $900 million of the same notes issued on June 26, 2020.
- 3The total outstanding principal amount of the 2.650% Senior Notes due 2030 now stands at $1.25 billion.
- 4The issuance was made under a previously filed Form S-3 registration statement.
- 5Schlumberger Limited provides a full and unconditional guarantee for these senior notes.
- 6The notes were issued pursuant to an underwriting agreement with Citigroup Global Markets Inc. as the underwriter.
- 7This filing includes exhibits such as the underwriting agreement and an officers' certificate related to the note issuance.