National Oilwell Varco, Inc. (NYSE: NOV) (the “Company”) announced today the pricing of a public offering of $3.0 billion of senior notes, consisting of three tranches:
- $500,000,000 aggregate principal amount of its 1.35% senior notes due December 1, 2017;
- $1,400,000,000 aggregate principal amount of its 2.60% senior notes due December 1, 2022; and
- $1,100,000,000 aggregate principal amount of its 3.95% senior notes due December 1, 2042.
Additional InformationThe Company is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and supply chain integration services to the upstream oil and gas industry. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and 21E of the Securities Exchange Act of 1934, as amended. There are many risks and uncertainties that could cause actual results to differ materially from those expressed in the Company’s forward-looking statements. Readers are referred to documents filed by the Company with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2011 and the Company’s subsequent Quarterly Reports on Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012 for a discussion of risk factors that may affect the Company’s business. The Company undertakes no obligation to publicly update or revise any forward-looking statement.