Schlumberger Announces Redemption of 100% of Outstanding 3.300% Senior Notes Due 2021
Schlumberger Limited (SLB) announced plans to redeem $664,776,000 in 3.300% Senior Notes due 2021 through its wholly-owned subsidiary, Schlumberger Investment SA. The redemption is set for June 28, 2021, at 100% of the principal amount plus accrued interest. Notices are sent to registered holders of the Notes. Schlumberger continues its commitment to debt reduction, enhancing financial stability and operational efficiency in the energy sector.
- Redemption of $664,776,000 in Senior Notes strengthens balance sheet.
- Commitment to debt reduction improves financial stability.
- None.
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 notes with an outstanding aggregate principal amount of
The Notes will be redeemed on the Redemption Date at a redemption price for the Notes equal to (a)
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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FAQ
What is Schlumberger's plan for the 3.300% Senior Notes due 2021?
How much will Schlumberger pay for the redemption of these Notes?
What is the significance of the redemption announcement for Schlumberger (SLB)?
When will the interest on the redeemed Notes cease to accrue?
Who will receive notices regarding the redemption of the Notes?
