Aug. 21 at 4:40 PM
$NBR unlocks shareholder value with
$600M Quail Tools sale, including
$375M cash and a
$250M seller note! 💰
Nabors Industries expects to cut net debt by 25%, saving
$50M annually in interest, while Quail Tools is expected to generate
$150M in adjusted EBITDA under Superior Energy in 2025. This move positions them for long-term growth and operational resilience.
See why this could be a game-changer for NBR 👉 https://www.zacks.com/stock/news/2741071/nabors-divests-quail-tools-business-to-superior-energy-for-600m?cid=sm-stocktwits-2-2741071-body-8897&ADID=SYND_STOCKTWITS_TWEET_2_2741071_BODY_8897