Schlumberger Investment to price offering of senior notes due 2030

By Marisa Wong

Los Angeles, June 17 – Schlumberger Investment SA plans to offer senior notes due 2030 guaranteed by Schlumberger Ltd., according to a 424B3 filing with the Securities and Exchange Commission.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and SG Americas Securities, LLC are the joint bookrunners.

Proceeds will be used to fund a portion of a concurrent tender offer for the company’s $1.6 billion outstanding 3.3% senior notes due 2021. Any remaining funds will be used for general corporate purposes, including the repayment of existing debt.

Schlumberger is a Houston-based oilfield services company. The issuer is based in Luxembourg.

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