Schlumberger Limited has announced that Schlumberger Oilfield UK Plc, an indirect wholly-owned subsidiary of Schlumberger (“SLB UK”), will redeem the entire outstanding principal amount of its 4.200% Senior Notes due 2021 (CUSIP Nos. 80685QAA4/G7861RAA4; ISIN Nos. US80685QAA40/USG7861RAA44; and Common Codes 56301097/56301046) (the “Notes”).
Aa statement from the company said the redemption date for the Notes – currently listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF market – is June 29, 2020 (the “Redemption Date”).
The aggregate principal amount of the Notes outstanding is $600,000,000. The Notes will be redeemed on the Redemption Date at a redemption price for the Notes equal to 100 per cent of the aggregate principal amount being redeemed, plus accrued and unpaid on the Notes from the last interest payment date to, but excluding, the Redemption Date, plus 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, the Notes will cease to be outstanding and interest will cease to accrue on the Notes.
The company said it has sent notices of redemption are being sent to all currently registered holders of the Notes.
According to the statement, it would only respect “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 the Notes.
“Neither Schlumberger nor SLB UK 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,” it said.
