Patterson-UTI enters $500M credit facility maturing Jan 2030; amends prior agreement

PATTERSON UTI ENERGY INC

$500M revolving credit facility with Wells Fargo; matures Jan 31, 2030.
LC subfacility of $100M, swing line subfacility of $50M; possible increase to $700M.
Interest on SOFR loans + margin 1.25%-2.25% based on credit rating.
Financial covenant: total debt to capitalization ratio not exceed 50%.
Restricted payment covenant triggers if below investment grade (DSCR ≥1.50:1).

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