Schlumberger Ld. Schlumberger Announces Redemption of 100% of Outstanding 4.200% Senior Notes Due 2021 of Schlumberger Norge AS
November 20 2019 - 2:00AM
UK Regulatory
TIDMSCL
Schlumberger Limited ("Schlumberger") today announced that
Schlumberger Norge AS, an indirect wholly-owned subsidiary of
Schlumberger ("SLB Norge"), will redeem the entire outstanding
principal amount of its 4.200% Senior Notes due 2021 (CUSIP Nos.
80685PAA6/R7562MAB3; ISIN Nos. US80685PAA66/USR7562MAB39 and Common
Codes 56301178/56301313) (the "Notes"). The redemption date for the
Notes is December 19, 2019 (the "Redemption Date"). The Notes are
currently listed on the Official List of the Luxembourg Stock
Exchange and admitted to trading on the Euro MTF market.
The aggregate principal amount of the Notes outstanding is
$500,000,000. The Notes will be redeemed on the Redemption Date at
a redemption price for the Notes equal to (a) 100% of the aggregate
principal amount being redeemed, plus (b) accrued and unpaid on the
Notes from the last interest payment date to, but excluding, the
Redemption Date, plus (c) a make-whole premium to be calculated
three business days prior to the Redemption Date in accordance with
the terms of the Notes and the indenture governing the Notes. On
and after the Redemption Date, interest will cease to accrue on the
Notes and the Notes will cease to be outstanding.
Notices of redemption are being sent by the trustee for the
Notes to all currently registered holders of the Notes.
Cautionary Note 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 each
series of Notes. Neither Schlumberger nor SLB Norge 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 made, and Schlumberger
disclaims any intention or obligation to update publicly or revise
such statements, whether as a result of new information, future
events or otherwise.
About Schlumberger
Schlumberger is the world's leading provider of technology for
reservoir characterization, drilling, production, and processing to
the oil and gas industry. With product sales and services in more
than 120 countries and employing approximately 105,000 people who
represent over 140 nationalities, Schlumberger supplies the
industry's most comprehensive range of products and services, from
exploration through production, and integrated pore-to-pipeline
solutions that optimize hydrocarbon recovery to deliver reservoir
performance.
Schlumberger Limited has principal offices in Paris, Houston,
London and The Hague, and reported revenues of $32.82 billion in
2018. For more information, visit www.slb.com.
Simon Farrant - Vice President of Investor Relations,
Schlumberger LimitedJoy V. Domingo - Director of Investor
Relations, Schlumberger LimitedOffice +1 (713)
375-3535investor-relations@slb.com
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