Summary
SLB Limited/NV (SLB) announced the issuance of $1 billion in aggregate principal amount of senior notes through its subsidiary, Schlumberger Investment S.A. This issuance includes $500 million of 4.500% Senior Notes due 2028 and $500 million of 4.850% Senior Notes due 2033. These notes are fully and unconditionally guaranteed by the parent company, SLB, providing an additional layer of credit support for investors. The issuance was conducted under a registration statement filed with the SEC, indicating compliance with regulatory requirements for public offerings. This debt offering is significant as it raises substantial capital for the company. Investors considering these notes should note the fixed interest rates and maturity dates, which offer predictable income streams and repayment schedules. The guarantee from SLB, a leading global technology company in the energy industry, is a key factor for assessing the creditworthiness of these notes. The specific terms, including covenants and events of default, are detailed in the Underwriting Agreement and the accompanying Indenture, which have been filed as exhibits to this 8-K.
Key Highlights
- 1SLB issued $1 billion in aggregate principal amount of senior notes.
- 2The issuance consists of $500 million in 4.500% Senior Notes due 2028.
- 3The issuance also includes $500 million in 4.850% Senior Notes due 2033.
- 4The notes are issued by Schlumberger Investment S.A. and guaranteed by SLB.
- 5The offering was conducted under a registration statement on Form S-3.
- 6The notes were sold pursuant to an underwriting agreement with several major investment banks.
- 7The debt offering is being documented under a Third Supplemental Indenture to an existing Indenture.