A&O Shearman guides NESR on its exchange offer and consent solicitation

NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions, helping its customers unlock the full potential of their reservoirs by providing a wide offering of production services, and enabling faster, smarter access to reservoirs with its drilling and evaluation services.

NESR also amended its warrant agreement and, pursuant to the amendment, exercised its right to exchange all remaining untendered warrants. Following the completion of the exchange offer and the subsequent exchange of the untendered warrants pursuant to the warrant amendment, no warrants remain outstanding. As a result, trading of the warrants on Nasdaq has been suspended, and the warrants were delisted from the exchange. The ordinary shares will continue to be listed and trade on Nasdaq under the symbol NESR. 

The A&O Shearman team was led by partners Bill Nelson and Taylor Landry (Capital Markets, Houston), counsels Judy Little and John Menke (Capital Markets, Houston) and associates Daniel Kim and Justin Higdon (Capital Markets, Houston). Other A&O Shearman lawyers involved in the transaction were partners Tom Majewski (Funds and Asset Management, New York), Larry Crouch (Tax, New York) and Kenneth Rivlin (Environmental and Sanctions, New York), counsel Kuang Chiang (Environmental and Sanctions, Washington D.C.), and associates Austin Jones (Tax, Silicon Valley) and Austin Law (Funds and Asset Management, New York).