Haynes Boone served as legal counsel to Nabors Industries in the $600 million sale of its Quail Tools subsidiary to Superior Energy Services. The Aug. 20 transaction included $350 million in cash and a $250 million seller note, and the Haynes Boone M&A team worked closely with the firm’s finance practice to structure the seller note. The deal established a preferred supplier agreement to ensure continued commercial alignment between Nabors and Superior.
The coordination of the deal was led by Haynes Boone partner Arthur Cohen with the support of his team, which includes partners Bruce Newsome, Sakina Rasheed Foster and Cameron Scales along with associates Hannah Shoss, Austria Arnold Gerhardy, Robin Ladd and Joy Su.
