{"schema_version":"secwatch.filing_event.v1","accession":"0000889900-25-000028","form_type":"8-K","ticker":"PTEN","cik":"0000889900","company_name":"PATTERSON UTI ENERGY INC","filed_at":"2025-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.700136+00:00","generated_at":"2026-05-27T04:26:28.803977+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Patterson-UTI enters $500M credit facility maturing Jan 2030; amends prior agreement","bullets":["$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)."],"urls":{"canonical":"https://secwatch.observer/filing/0000889900-25-000028","json":"https://secwatch.observer/filing/0000889900-25-000028.json","markdown":"https://secwatch.observer/filing/0000889900-25-000028.md","text":"https://secwatch.observer/filing/0000889900-25-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889900/000088990025000028/0000889900-25-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889900/000088990025000028/pten-20250131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T04:26:28.803977+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}