Keith MacKey

John Daniel

Waqar Syed

Grant Hynes

Jeff LeBlanc

Michael Smaller

Arun Jayaram

Daniel Kutz

Arun Jaryan

David Smith

Jeffrey LeBlanc

Kurt Hallead

Scott Gruber

- Vast Renewables (OTC:VSTTF) successfully closed a placement of **US$3.5 million** in convertible notes with **Nabors Industries** and **Canberra Airport Group**.  **[1163739_39904738aec34cc1bf9e3c6eeee1f20f_0]** 
- The funding will support the delivery of Vast's **Port Augusta Green Energy Hub**, including its flagship utility-scale long duration energy storage project **Vast Solar 1 (VS1)**, and the development of its international project pipeline.  **[1163739_39904738aec34cc1bf9e3c6eeee1f20f_0]** 
- Vast estimates the Final Investment Decision (FID) for VS1 will take place by the **end of December 2025**, with financial close by the **end of March 2026**.  **[1163739_39904738aec34cc1bf9e3c6eeee1f20f_0]** 
- VS1 is a **30MW concentrating solar thermal power (CSP) plant** located in Port Augusta, South Australia, featuring **10 hours of thermal energy storage** and has secured up to **A$290 million** in conditional Australian Government support.  **[1163739_39904738aec34cc1bf9e3c6eeee1f20f_0]**

Vast Renewables Closes US$3.5 Million Convertible Notes Placement

- Nabors Industries Ltd. (NBR) announced the **prepayment in full of a $250 million seller financing note**.  **[1163739_20251009DA94598:0]** 
- The note, issued in connection with the sale of Quail Tools, LLC to Superior Energy Services, Inc., was paid **ahead of its scheduled maturity**.  **[1163739_20251009DA94598:0]** 
- Nabors intends to use the proceeds to **reduce gross debt**, focusing on outstanding notes maturing in **2028**.  **[1163739_20251009DA94598:0]**

Nabors Industries Receives Early Prepayment of Seller Note

- Nabors Industries will receive **$250 million** from Superior Energy Services, Inc. as repayment for seller financing related to Superior's acquisition of Quail Tools, LLC.  **[1163739_20250930DA87738:0]** 
- Nabors intends to apply these funds towards its **own debt reduction**.  **[1163739_20250930DA87738:0]** 
- The company is also working to address the remaining balances on its **2027 and 2028 senior notes**, reiterating its commitment to deleveraging and enhancing long-term shareholder value.  **[1163739_20250930DA87738:0]**

Nabors Industries to Reduce Debt with Superior Energy Repayment

- Nabors Industries has secured a **multi-year contract** with Caturus Energy for the **PACE-X Ultra™ X33 rig**, which is identified as the **most powerful onshore drilling system** currently in the United States.  **[1163739_20250925NY83017:0]** 
- The PACE-X Ultra™ X33 rig is designed to handle **complex well designs**, including 4-mile laterals and 14,000+ vertical depths, and incorporates technology for **improved fuel efficiency and emissions reduction**.  **[1163739_20250925NY83017:0]** 
- This strategic deployment supports Caturus Energy's objective to increase its net production to **1 billion cubic feet of gas equivalent per day by 2029**.  **[1163739_20250925NY83017:0]**

Nabors Industries and Caturus Energy Deploy New Drilling Rig

- Nabors Industries Ltd. published an Investor Presentation on **September 2, 2025**, detailing its Q2 2025 performance and future outlook.  **[1163739_0001410578-25-002025_tm2525836d1_8k.htm:1]** 
- The company completed two significant transactions in 2025: the acquisition of Parker Wellbore for **$274 million**, projected to add **>$70 million** in annualized 4Q EBITDA from retained businesses and **$40 million** in synergies in 2025, and the divestiture of Quail Tools for **$625 million** in net proceeds.  **[1163739_0001410578-25-002025_tm2525836d1_ex99-1.htm:4]** 
- Proceeds from the Quail Tools sale are earmarked to **reduce net debt by over 25%** and are expected to generate **>$50 million** in annual interest savings.  **[1163739_0001410578-25-002025_tm2525836d1_ex99-1.htm:4]** 
- For Q3 2025, Nabors anticipates International Drilling adjusted EBITDA of **~$55 million** and Drilling Solutions revenue between **$200 million and $210 million**.  **[1163739_0001410578-25-002025_tm2525836d1_ex99-1.htm:4]**

NABORS INDUSTRIES (NBR)