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Schlumberger Plans Note Offering to Finance Cameron Deal
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Schlumberger Limited reported that Schlumberger Holding Corporation, its wholly-owned subsidiary and the holding company for its U.S. operations, will issue five tranches of senior notes with the following maturities: 2017; 2018; 2020; 2022; and 2025.
The offering is expected to close on December 10, 2015.
The net proceeds to SHC from the offering will be used for general corporate purposes, including to finance a portion of the consideration of Schlumberger’s pending acquisition of Cameron International Corporation.
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