SLB LIMITED/NV 8-K
Research Summary
AI-generated summary
SLB Limited Issues $2.0B of Senior Notes Due 2031–2036
What Happened
SLB filed an 8-K reporting that Schlumberger Investment S.A. issued $2.0 billion aggregate principal amount of senior notes on May 7, 2026. The issuance consists of $500 million of 4.550% Senior Notes due 2031, $500 million of 4.800% Senior Notes due 2033, and $1.0 billion of 5.150% Senior Notes due 2036. The notes were issued under a registration statement on Form S-3 (Registration No. 333-295427) and are fully and unconditionally guaranteed by SLB Limited.
Key Details
- Issuer: Schlumberger Investment S.A.; guarantor: SLB Limited.
- Total issued: $2,000,000,000 on May 7, 2026 (three tranches).
- $500M — 4.550% due 2031
- $500M — 4.800% due 2033
- $1,000M — 5.150% due 2036
- Underwriting agreement dated April 30, 2026; lead representatives: J.P. Morgan, HSBC Securities (USA) and Standard Chartered.
- Notes issued under the Base Indenture (Dec. 3, 2013) as amended and a Sixth Supplemental Indenture dated May 7, 2026; trustee: The Bank of New York Mellon.
Why It Matters
This transaction raises $2.0 billion of fixed-rate debt for the SLB group and will increase consolidated long-term obligations and future interest expense. The notes are guaranteed by SLB Limited, which provides a direct credit link between the issuer and the parent company. Investors should note the maturities and coupon rates when assessing SLB’s debt profile, refinancing needs, and interest-rate exposure over the 2031–2036 horizon.
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