Summary
SLB Limited/NV (SLB) announced on May 29, 2024, the issuance of $500 million in aggregate principal amount of 5.000% Senior Notes due 2034 through its subsidiary, Schlumberger Investment S.A. These notes are fully and unconditionally guaranteed by the parent company, SLB. This debt issuance was conducted under a previously filed registration statement and is part of SLB's ongoing financing activities. The proceeds from the notes are intended to support the company's general corporate purposes. Investors should note that this is a debt financing event, indicating SLB's strategy to leverage debt for its capital needs.
Key Highlights
- 1SLB issued $500 million of 5.000% Senior Notes due 2034.
- 2The issuance was made through its subsidiary, Schlumberger Investment S.A.
- 3The notes carry a full and unconditional guarantee from the parent company, SLB Limited/NV.
- 4The debt was issued under a Shelf Registration Statement filed on Form S-3.
- 5The offering was facilitated through an underwriting agreement with major financial institutions.
- 6The issuance of these notes constitutes a debt financing event for SLB.