Schlumberger Announces Senior Notes Redemption
20 September 2022 - 7:00PM
Business Wire
100% of Outstanding 2.65% Senior Notes Due 2022 and 3.625%
Senior Notes due 2022 to Be Redeemed
Regulatory News:
Schlumberger Limited (“Schlumberger”) today announced that its
subsidiaries will redeem approximately $895 million of senior notes
due 2022.
Schlumberger Finance Canada Ltd., an indirect wholly owned
subsidiary of Schlumberger (“SFCL”), will redeem the entire
outstanding principal amount of its 2.65% Senior Notes due 2022
(the “SFCL Notes”), and Schlumberger Holdings Corporation, an
indirect wholly owned subsidiary of Schlumberger (“SHC”), will
redeem the entire outstanding principal amount of its 3.625% Senior
Notes due 2022 (the “SHC Notes” and, collectively with the SFCL
Notes, the “Notes”). The aggregate principal amount of the SFCL
Notes outstanding is $600,000,000, and the aggregate principal
amount of the SHC Notes outstanding is $295,328,000.
The redemption date for the SFCL Notes is October 20, 2022 and
the redemption date for the SHC Notes is October 21, 2022 (each, a
“Redemption Date”). The Notes will be redeemed on the applicable
Redemption Date at a redemption price for each series of Notes
equal to (a) 100% of the aggregate principal amount being redeemed,
plus (b) accrued and unpaid interest on such Notes from the last
interest payment date to, but excluding, the applicable Redemption
Date, in accordance with the terms of the applicable series of
Notes and the applicable indenture governing such series of Notes.
On and after the applicable Redemption Date, interest will cease to
accrue on the Notes and the Notes will cease to be outstanding.
Notices of redemption are being sent by the trustee for the
Notes to all currently registered holders of such series of
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 Note 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 each
series of Notes. None of Schlumberger, SHC nor SFCL 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, SHC and SFCL disclaim any intention or obligation to
update publicly or revise such statements, whether as a result of
new information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220916005386/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
Schlumberger (NYSE:SLB)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Schlumberger (NYSE:SLB)
Historical Stock Chart
Von Jul 2023 bis Jul 2024