Oilfield services and supply company Smith International Inc., Houston, a subsidiary of Schlumberger Ltd. (NYSE: SLB), has commenced cash tender offers to purchase any and all of one series of its outstanding notes and up to a total spend of $1 billion for three additional series of its outstanding notes.
The tender offer consideration and total consideration applies to its 8.625% notes due 2014, 6% senior notes due 2016 and 9.75% notes due 2019.
Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide.
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