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Schlumberger Holdings Corporation Announces Results of Early Tenders in Debt Exchange Offer, an Increase in Aggregate Principal Amount of New Notes due 2028 to $1,500,000,000, and the Waiver of the $500,000,000 Principal Cap on its 2025 Notes
The table below identifies the aggregate principal amount of each series of Old Notes validly tendered (and not validly withdrawn) in the Exchange Offer as of
|Title of Security||CUSIP Number||ISIN||Outstanding||Level||Tendered|
|3.000% Senior Notes due December 21, 2020 (“2020 Notes”)||Rule 144A:
|3.625% Senior Notes due December 21, 2022 (“2022 Notes”)||Rule 144A:
4.000% Senior Notes due December 21, 2025 (“2025 Notes”)
A total of
SHC expects to accept all 2020 Notes and 2022 Notes validly tendered and not validly withdrawn as of the Early Participation Date. Because the aggregate principal amount of Old Notes validly tendered and not validly withdrawn as of the Early Participation Date exceeds the increased
Holders whose Old Notes are accepted for exchange will receive in cash accrued and unpaid interest from the last applicable interest payment date to, but excluding, the date on which the exchange of such Old Notes is settled, and amounts due in lieu of fractional amounts of New Notes.
The Exchange Offer was conducted upon the terms and subject to the conditions set forth in the Offering Memorandum.
Terms of the Exchange Offer
The Exchange Offer will expire at
The Exchange Offer is only made, and the New Notes are only being offered and will only be issued, and copies of the offering documents will only be made available, to a holder of Old Notes who has certified its status as either (a) a “qualified institutional buyer” as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) or (b) (i) a person who is not a “U.S. person” as defined under Regulation S under the Securities Act, or a dealer or other professional fiduciary organized, incorporated or (if an individual) residing in
The New Notes have not been registered under the Securities Act or any state securities laws. Therefore, the New Notes may not be offered or sold in
This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Exchange Offer is being made solely by the Offering Memorandum and only to such persons and in such jurisdictions as is permitted under applicable law.
Documents relating to the Exchange Offer will only be distributed to holders of Old Notes who complete and return a letter of eligibility confirming that they are Eligible Holders. Holders of Old Notes who desire a copy of the eligibility letter may contact
Cautionary Note Regarding Forward Looking Statements
This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The expected timetable for completing the Exchange Offer is a forward-looking statement. The Company cannot give any assurance that such expectations will prove correct. These statements are subject to, among other things, risk factors that are discussed in Schlumberger Limited’s most recent Annual Report on Form 10-K, as well as Schlumberger Limited’s other filings with the
Simon Farrant – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Manager of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535