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v3.20.2

Debt (Details) $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | ---
Jan. 31, 2020 USD ($) | Jun. 30, 2019 USD ($) | Jun. 30, 2020 USD ($) | Jun. 30, 2019 USD ($) | Mar. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Oct. 11, 2018 USD ($)
Long-term debt |  |  |  |  |  |  |
Long-term Debt |  |  | $ 3,306,104 |  |  | $ 3,363,552 |
Less: deferred financing costs |  |  | 30,001 |  |  | 30,332 |
Long-term Debt, Excluding Current Maturities, Total |  |  | $ 3,276,103 |  |  | 3,333,220 |
Interest rate on senior notes due (as a percent) |  |  | 7.25% |  |  |  |
Principal amount redeemed | $ 952,900 |  | $ 1,300,000 |  |  |  |
Repayment of long-term debt including accrued and unpaid interest |  |  | 1,200,000 |  |  |  |
Purchase price for the tender offer |  |  | 952,900 |  |  |  |
Payment of accrued and unpaid interest |  |  | 12,300 |  |  |  |
Gain (Loss) on debt repurchase |  | $ (3,701) |  | $ (1,034) |  |  |
Other, net |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Gain (Loss) on debt repurchase |  |  | 51,700 |  |  |  |
5.00% senior notes due September 2020 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  | $ 139,142 |  |  | 282,046 |
Interest rate on senior notes due (as a percent) |  |  | 5.00% |  |  |  |
4.625% senior notes due September 2021 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  | $ 155,044 |  |  | 634,588 |
Interest rate on senior notes due (as a percent) | 4.625% |  | 4.625% |  |  |  |
Repayment of long-term debt including accrued and unpaid interest | $ 379,700 |  |  |  |  |  |
5.50% senior notes due January 2023 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  | $ 36,959 |  |  | 501,003 |
Interest rate on senior notes due (as a percent) | 5.50% |  | 5.50% |  |  |  |
Repayment of long-term debt including accrued and unpaid interest | $ 407,700 |  |  |  |  |  |
5.10% senior notes due September 2023 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  | $ 155,738 |  |  | 336,810 |
Interest rate on senior notes due (as a percent) | 5.10% |  | 5.10% |  |  |  |
Repayment of long-term debt including accrued and unpaid interest | $ 165,500 |  |  |  |  |  |
0.75% senior exchangeable notes due January 2024 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  | $ 484,035 |  |  | 472,603 |
Interest rate on senior notes due (as a percent) |  |  | 0.75% |  |  |  |
Aggregate amount of senior notes |  |  | $ 575,000 |  |  |  |
5.75% senior notes due February 2025 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  | $ 775,186 |  |  | 781,502 |
Interest rate on senior notes due (as a percent) |  |  | 5.75% |  |  |  |
7.25% senior notes due January 2026 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  | $ 600,000 |  |  |  |
Interest rate on senior notes due (as a percent) |  |  | 7.25% |  |  |  |
Aggregate amount of senior notes | 600,000 |  |  |  |  |  |
7.50% senior notes due January 2028 |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Senior Notes |  |  | $ 400,000 |  |  |  |
Interest rate on senior notes due (as a percent) |  |  | 7.50% |  |  |  |
Aggregate amount of senior notes | $ 400,000 |  |  |  |  |  |
2012 Revolving Credit Facility |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Revolving credit facility |  |  |  |  |  | $ 355,000 |
Maximum borrowing capacity |  |  |  |  |  |  | $ 666,250
2018 Revolving Credit Facility |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Revolving credit facility |  |  | $ 560,000 |  |  |  |
Interest rate on senior notes due (as a percent) |  |  |  |  |  |  | 5.50%
Amount outstanding |  |  |  |  | $ 560,000 |  |
Maximum borrowing capacity |  |  |  |  |  |  | $ 1,013,600
Weighted average interest rate (as a percent) |  |  |  |  | 2.94% |  |
Debt to EBITDA ratio |  |  | 5.5 |  |  |  |
Guarantor Subsidiaries | 2018 Revolving Credit Facility |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  |  | $ 981,600,000
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 |  |  |  |  |  |  | $ 32,000

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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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