Schlumberger Announces Redemption of 100% of Outstanding 2.40% Senior Notes Due 2022
30 November 2021 - 11:00PM
Business Wire
Deposit of funds for redemption satisfies and
discharges indenture
Regulatory News:
As part of its ongoing commitment to debt reduction,
Schlumberger Limited (“Schlumberger”) today announced that
Schlumberger Investment SA, an indirect wholly-owned subsidiary of
Schlumberger (“SISA”), will redeem the entire outstanding principal
amount of its 2.40% Senior Notes due 2022 (CUSIP Nos. 806854AD7 /
L81445AD7; and ISIN Nos. US806854AD77 / USL81445AD75) (the
“Notes”). The redemption date for the Notes is May 2, 2022 (the
“Redemption Date”).
The aggregate principal amount of the Notes outstanding is
$1,000,000,000. SISA has deposited sufficient funds with The Bank
of New York Mellon, the trustee under the indenture governing the
Notes, to satisfy and discharge the Notes and the indenture with
respect to the Notes (including payment of the February 1, 2022
interest payment with respect to the Notes and the redemption price
payable on the Redemption Date), and the trustee has acknowledged
such satisfaction and discharge.
The Notes will be redeemed on the Redemption Date at a
redemption price for the Notes equal to (a) 100% of the aggregate
principal amount being redeemed, plus (b) accrued and unpaid
interest on the Notes from the February 1, 2022 interest payment
date to, but excluding, the Redemption Date. On and after the
Redemption Date, the Notes will cease to be outstanding and
interest will cease to accrue on the Notes.
Notices of redemption are being sent by the trustee for the
Notes to all currently registered holders of the Notes.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners
with customers to access energy. Our people, representing over 160
nationalities, are providing leading digital solutions and
deploying innovative technologies to enable performance and
sustainability for the global energy industry. With expertise in
more than 120 countries, Schlumberger collaborates to create
technology that unlocks access to energy for the benefit of
all.
Find out more at www.slb.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the federal securities laws — that is, statements
about the future, not about past, events. Such statements often
contain words such as “expect,” “may,” “believe,” “plan,”
“estimate,” “intend,” “anticipate,” “should,” “could,” “will,”
“see,” “likely” and other similar words. Forward-looking statements
address matters that are, to varying degrees, uncertain, such as
statements regarding the terms and timing of the redemption of the
Notes. Neither Schlumberger nor SISA can give any assurance that
such statements will prove correct. These statements are subject
to, among other things, the risks and uncertainties detailed in
Schlumberger’s most recent Forms 10-K, 10-Q, and 8-K filed with or
furnished to the Securities and Exchange Commission. Actual
outcomes may vary materially from those reflected in Schlumberger’s
forward-looking statements. The forward-looking statements speak
only as of the date of this press release, and Schlumberger and
SISA disclaim any intention or obligation to update publicly or
revise such statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20211130006111/en/
Ndubuisi Maduemezia – Vice President of Investor Relations,
Schlumberger Limited Joy V. Domingo – Director of Investor
Relations, Schlumberger Limited
Office +1 (713) 375-3535 investor-relations@slb.com
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