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Filed pursuant to Rule 424(b)(3)
Registration No. 333-44532
Zero Coupon Convertible Senior Debentures due 2020
CUSIP No. 629568 AC 0
NABORS INDUSTRIES, INC.
PROSPECTUS SUPPLEMENT NO. 2 DATED OCTOBER 25, 2000
TO PROSPECTUS DATED SEPTEMBER 6, 2000
The selling securityholders table on pages 7 and 8 of the prospectus,
as previously supplemented, is further amended by this supplement no. 2 to add
the following entities as selling securityholders and to list the amounts of the
securities beneficially owned and being offered for sale by such
securityholders:
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ZERO COUPON CONVERTIBLE DEBENTURES
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DUE 2020
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SELLING SECURITYHOLDER AMOUNT AMOUNT OFFERED
---------------------- BENEFICIALLY OWNED FOR SALE
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<S> <C> <C>
Amerisure Companies/Michigan Mutual Insurance Company $ 450,000 $ 450,000
Associated Electric & Gas Insurance Services Limited $ 1,300,000 $ 1,300,000
Attorneys' Title Insurance Fund, Inc. $ 250,000 $ 250,000
Blue Cross Blue Shield of Florida $ 2,000,000 $ 2,000,000
California State Automobile Association Inter-Insurance $ 950,000 $ 950,000
CapitalCare, Inc. $ 55,000 $ 55,000
CareFirst of Maryland, Inc. $ 250,000 $ 250,000
City of Birmingham Retirement & Relief System $ 1,000,000 $ 1,000,000
Conseco Annuity Assurance - Multi-Bucket Annuity Convertible Bond Fund $ 2,000,000 $ 2,000,000
Conseco Annuity Assurance Company - Convertible $ 500,000 $ 500,000
Conseco Fund Group - Convertible Securities Fund $ 500,000 $ 500,000
Credit Suisse First Boston Corporation $ 11,400,000 $ 11,400,000
Deephaven Domestic Convertible Trading Ltd. $ 5,000,000 $ 5,000,000
Delta Airlines Master Trust $ 4,300,000 $ 4,300,000
Dorinco Reinsurance Company $ 1,300,000 $ 1,300,000
FreeState Health Plan, Inc. $ 65,000 $ 65,000
Genesee County Employees' Retirement System $ 400,000 $ 400,000
Greek Catholic Union $ 60,000 $ 60,000
Greek Catholic Union II $ 60,000 $ 60,000
Group Hospitalization and Medical Services, inc. $ 290,000 $ 290,000
Hamilton Partners Limited $ 8,000,000 $ 8,000,000
HealthNow New York, Inc. $ 300,000 $ 300,000
J.P. Morgan Securities, Inc. $ 25,250,000 $ 25,250,000
Macomb County Employees' Retirement System $ 300,000 $ 300,000
Merrill Lynch Pierce Fenner & Smith, Inc.(1) $ 2,000,000 $ 2,000,000
Morgan Stanley & Co.(1)(2) $ 35,000,000 $ 35,000,000
Nashville Electric Service $ 375,000 $ 375,000
NORCAL Mutual Insurance Company $ 350,000 $ 350,000
Pacific Specialty (Convertibles)(3) $ 150,000 $ 150,000
PIMCO Convertible Bond Fund(3) $ 3,500,000 $ 3,500,000
PIMCO Private Mortgage $ 31,000,000 $ 31,000,000
Retirement Pension Plan of the California State Automobile Association $ 150,000 $ 150,000
Southern Farm Bureau Life Insurance Company $ 1,200,000 $ 1,200,000
The Fondren Foundation $ 150,000 $ 150,000
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(1) This entity and/or affiliates have provided, and may in the future provide,
investment banking services to us, including acting as lead underwriter
and/or co-manager with respect to offerings of debt and equity securities.
(2) Morgan Stanley & Co. Incorporated was the initial purchaser of these
securities in the Rule 144A offering in which these securities were issued.
The amount listed in this supplement no. 2 is in addition to the amount for
this shareholder listed in the prospectus, as previously supplemented.
(3) The amount listed in this supplement no. 2 is in addition to the amount for
this shareholder listed in the prospectus, as previously supplemented.
