Houston-based oilfield services and supply company Smith International Inc., a subsidiary of Schlumberger Ltd., Zug, Switzerland, (NYSE: SLB) has purchased approximately 44.75% of the outstanding aggregate principal amount of its 6.75% senior notes due 2011.
According to the information provided by Global Bondholder Services Corp., the depositary for the any and all tender offer, approximately $98.4 million in aggregate principal amount of the any and all notes was validly tendered and not validly withdrawn prior to the any and all expiration date. After giving effect to the purchases, approximately $122 million in principal amount of the any and all notes remains outstanding.
Holders of tendered any and all notes that were purchased by the company received a purchase price equal to $1,023.21 for each $1,000 principal amount of such any and all notes.
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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