---
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"
generated_at: "2026-05-27T04:26:28.803977+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000889900-25-000028
- JSON: https://secwatch.observer/filing/0000889900-25-000028.json
- Plain text: https://secwatch.observer/filing/0000889900-25-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.