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v3.19.2

Debt (Details) $ in Thousands |  |  | 1 Months Ended | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | ---
Jun. 14, 2019 USD ($) | Oct. 11, 2018 USD ($) | Jul. 31, 2019 USD ($) | Jun. 30, 2019 USD ($) | Jun. 30, 2019 USD ($) | Dec. 31, 2018 USD ($) | Oct. 18, 2011
Long-term debt |  |  |  |  |  |  |
Other |  |  |  | $ 790 | $ 790 | $ 561 |
Long-term Debt |  |  |  | 3,584,808 | 3,584,808 | 3,624,770 |
Less: current portion |  |  |  | 790 | 790 | 561 |
Less: deferred financing costs |  |  |  | 33,441 | 33,441 | 38,325 |
Long-term Debt, Excluding Current Maturities, Total |  |  |  | 3,550,577 | 3,550,577 | 3,585,884 |
Principal amount redeemed |  |  |  | 361,500 | 361,500 |  |
Repayment of long-term debt including accrued and unpaid interest |  |  |  |  | 366,700 |  |
Payment of accrued and unpaid interest |  |  |  |  | 4,800 |  |
Gain on debt repurchase |  |  |  | (3,701) | (1,034) |  |
5.00% senior notes due September 2020 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  |  | $ 309,769 | $ 309,769 | 614,748 |
Interest rate on senior notes due (as a percent) |  |  |  | 5.00% | 5.00% |  |
Purchase price for the tender offer | $ 275,000 |  |  |  |  |  |
5.00% senior notes due September 2020 | Subsequent Event |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Principal amount redeemed |  |  | $ 16,600 |  |  |  |
Repayment of long-term debt including accrued and unpaid interest |  |  | $ 16,900 |  |  |  |
4.625% senior notes due September 2021 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  |  | $ 637,468 | $ 637,468 | 668,347 |
Interest rate on senior notes due (as a percent) |  |  |  | 4.625% | 4.625% |  |
5.50% senior notes due January 2023 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  |  | $ 577,042 | $ 577,042 | 586,000 |
Interest rate on senior notes due (as a percent) |  |  |  | 5.50% | 5.50% |  |
5.10% senior notes due September 2023 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  |  | $ 336,746 | $ 336,746 | 342,923 |
Interest rate on senior notes due (as a percent) |  |  |  | 5.10% | 5.10% |  |
0.75% senior exchangeable notes due January 2024 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  |  | $ 461,491 | $ 461,491 | 450,689 |
Interest rate on senior notes due (as a percent) |  |  |  | 0.75% | 0.75% |  |
Aggregate amount of senior notes |  |  |  | $ 575,000 | $ 575,000 |  |
5.75% senior notes due February 2025 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  |  | $ 781,502 | $ 781,502 | 791,502 |
Interest rate on senior notes due (as a percent) |  |  |  | 5.75% | 5.75% |  |
2012 Revolving Credit Facility |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Revolving credit facility |  |  |  | $ 480,000 | $ 480,000 | $ 170,000 |
Maximum borrowing capacity |  | $ 666,250 |  |  |  |  |
Weighted average interest rate (as a percent) |  |  |  | 3.97% | 3.97% |  |
2012 Revolving Credit Facility | Maximum |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Debt to capital ratio |  |  |  | 0.60 | 0.60 |  |
2018 Revolving Credit Facility |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Revolving credit facility |  |  |  | $ 0 | $ 0 |  |
Interest rate on senior notes due (as a percent) |  | 5.50% |  |  |  |  |
Net debt increase and retain current net debt to capital ratio |  |  |  | $ 388,600 | $ 388,600 |  |
Maximum borrowing capacity |  | $ 1,267,000 |  |  |  |  |
Debt to capital ratio |  |  |  | 0.57 | 0.57 |  | 0.60
Assets to debt ratio |  |  |  | 3.65 | 3.65 |  |
Unsecured debt maturity period |  | 5 years |  |  |  |  |
2018 Revolving Credit Facility | Maximum |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Debt to capital ratio |  | 0.60 |  |  |  |  |
Guarantor Subsidiaries | 2018 Revolving Credit Facility |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Maximum borrowing capacity |  | $ 1,227,000 |  |  |  |  |
Guarantor Subsidiaries | 2018 Revolving Credit Facility | Minimum |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Assets to debt ratio |  | 2.50 |  |  |  |  |
Nabors Canada | 2018 Revolving Credit Facility |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Maximum borrowing capacity |  | $ 40,000 |  |  |  |  |

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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399 + Details
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- Definition Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4297-108586 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 17 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3367-108585 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3536-108585 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI http://asc.fasb.org/extlink&oid=109500613&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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