Schlumberger Announces Senior Notes Redemption


Houston, United States:

Schlumberger Limited (“Schlumberger”) right this moment introduced that its subsidiaries will redeem roughly $895 million of senior notes due 2022.


Schlumberger Finance Canada Ltd., an oblique wholly owned subsidiary of Schlumberger (“SFCL”), will redeem the whole excellent principal quantity of its 2.65% Senior Notes due 2022 (the “SFCL Notes”), and Schlumberger Holdings Corporation, an oblique wholly owned subsidiary of Schlumberger (“SHC”), will redeem the whole excellent principal quantity of its 3.625% Senior Notes due 2022 (the “SHC Notes” and, collectively with the SFCL Notes, the “Notes”). The mixture principal quantity of the SFCL Notes excellent is $600,000,000, and the combination principal quantity of the SHC Notes excellent is $295,328,000.


The redemption date for the SFCL Notes is October 20, 2022 and the redemption date for the SHC Notes is October 21, 2022 (every, a “Redemption Date”). The Notes might be redeemed on the relevant Redemption Date at a redemption value for every sequence of Notes equal to (a) 100% of the combination principal quantity being redeemed, plus (b) accrued and unpaid curiosity on such Notes from the final curiosity cost date to, however excluding, the relevant Redemption Date, in accordance with the phrases of the relevant sequence of Notes and the relevant indenture governing such sequence of Notes. On and after the relevant Redemption Date, curiosity will stop to accrue on the Notes and the Notes will stop to be excellent.


Notices of redemption are being despatched by the trustee for the Notes to all presently registered holders of such sequence of Notes.

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About Schlumberger


Schlumberger (SLB: NYSE) is a expertise firm that companions with clients to entry power. Our individuals, representing over 160 nationalities, are offering main digital options and deploying revolutionary applied sciences to allow efficiency and sustainability for the worldwide power business. With experience in additional than 120 nations, Schlumberger collaborates to create expertise that unlocks entry to power for the good thing about all.


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Cautionary Note Regarding Forward-Looking Statements


This press launch incorporates “forward-looking statements” throughout the which means of the federal securities legal guidelines — that’s, statements in regards to the future, not about previous, occasions. Such statements usually include phrases reminiscent of “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “see,” “likely” and different comparable phrases. Forward-looking statements deal with issues which can be, to various levels, unsure, reminiscent of statements concerning the phrases and timing of the redemption of every sequence of Notes. None of Schlumberger, SHC nor SFCL can provide any assurance that such statements will show right. These statements are topic to, amongst different issues, the dangers and uncertainties detailed in Schlumberger’s most up-to-date Forms 10-Ok, 10-Q, and 8-Ok filed with or furnished to the Securities and Exchange Commission. Actual outcomes could range materially from these mirrored in Schlumberger’s forward-looking statements. The forward-looking statements communicate solely as of the date of this press launch, and Schlumberger, SHC and SFCL disclaim any intention or obligation to replace publicly or revise such statements, whether or not because of new data, future occasions or in any other case.

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