Item 8.01. Other Events.
On June 11, 2021, Nabors Industries Ltd. (the "Company") distributed warrants
(the "Warrants") to purchase up to 4,989,747 of the Company's common shares, par
value $0.05 per share (the "Common Shares") to the holders of record of
outstanding Common Shares as of the close of business on June 4, 2021 (the
"Distribution"). Each Warrant will entitle the holder thereof to purchase one
Common Share at an initial exercise price of $166.66667 per Warrant, subject to
certain adjustments. In addition, Warrants submitted for exercise may be
eligible to receive up to an additional one-third Common Share pursuant to the
terms and conditions set forth in the warrant agreement dated June 10, 2021.
In connection with the Distribution of the Warrants, the Company filed a
prospectus supplement, dated June 11, 2021, pursuant to the Company's existing
effective shelf registration statement on Form S-3 dated April 5, 2021
registering the offer and sale of up to 4,989,747 Common Shares to be issued
upon exercise of the Warrants under the Securities Act of 1933, as amended.
A copy of the validity opinion in respect of the Common Shares to be issued upon
exercise of the Warrants is attached hereto as Exhibit 5.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
5.1 Opinion of Conyers Dill & Pearman Limited regarding the validity of
the Shares.
23.1 Consent of Conyers Dill & Pearman Limited (included in Exhibit
5.1).
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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