Schlumberger Holdings Corporation (SHC), an indirect wholly owned subsidiary of SLB, has commenced offers to exchange certain series of notes. These notes were originally issued by Schlumberger Investment S.A. (SISA).
The offer is for up to $2,000,000,000 aggregate principal amount of new notes, which will be issued by SHC. These new notes will be fully and unconditionally guaranteed on a senior unsecured basis by SLB.
In conjunction with the offers, SISA is soliciting consents from holders to certain proposed amendments to the indentures governing the existing SISA notes. This financial maneuver aims to optimize the company's debt structure.
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