Schlumberger announces tender results and pricing for 3.3% notes

Chicago, June 23 – Schlumberger Ltd. announced the results and pricing for the tender offer for any and all of wholly owned subsidiary Schlumberger Investment SA’s $1.6 billion 3.3% senior notes due 2021 (Cusip: 806854AB1) on Tuesday.

As of the expiration time of 5 p.m. ET on June 23, noteholders had tendered $935,224,000, or 58.45%, of the outstanding notes, according to a press release.

Earlier on Tuesday, the company announced that for each $1,000 principal amount of notes, the company will pay $1,026.06, which was determined at 2 p.m. ET on June 23 using the 0.125% Treasury due May 31, 2022 plus 40 basis points.

Holders will also receive accrued interest.

Settlement is expected for June 26.

D.F. King & Co., Inc. (800 549-6697, slb@dfking.com) is the tender agent and information agent.

Goldman Sachs & Co. LLC (212 902-6351 collect, 800 828-3182 toll-free), and J.P. Morgan Securities LLC (212 834-3424 collect, 866 834-4666 toll-free) are dealer managers, and Standard Chartered Bank and UniCredit Capital Markets LLC are co-dealer managers.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.