Oilfield services provider Schlumberger SA and its affiliates are offering a total of $1.6 billion in new bonds for sale, according to a person familiar with the transaction.

The issuing entities are Schlumberger SA, Schlumberger Norge AS, and Schlumberger Oilfield UK PLC, and the banks running the sale are Citigroup, J.P. Morgan Chase and Morgan Stanley, these people said.

The senior unsecured bonds are expected to be rated A1 by Moody's Investors Service and A+ by Standard & Poor's, and will be guaranteed by parent company Schlumberger Limited (SLB).

The deal will comprise five- and 10-year tranches, with the latter giving the issuer the ability to call in the bonds three months prior to maturity.

Proceeds are expected to be used for general corporate purposes, including the restructuring of recent acquisitions of Smith International and energy services provider Geoservices.

-By Katy Burne, Dow Jones Newswires; 212-416-3084; katy.burne@dowjones.com
Schlumberger (NYSE:SLB)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024 Click aqui para mais gráficos Schlumberger.
Schlumberger (NYSE:SLB)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024 Click aqui para mais gráficos Schlumberger.