secwatch / observer
8-K filed April 28, 2026, 7:59 PM ET ticker PTEN CIK 0000889900
debt confidence high sentiment neutral materiality 0.50

PATTERSON UTI ENERGY INC (PTEN): debt financing — Patterson-UTI extends $450M of revolver maturity to 2031; assigns $25M to JPMorgan

PATTERSON UTI ENERGY INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PATTERSON UTI ENERGY INC amended revolving credit of $450 million of revolving credit commitments with Wells Fargo Bank, National Association maturing January 31, 2031.

Instrument
revolving credit
Principal
$450 million of revolving credit commitments
Counterparty
Wells Fargo Bank, National Association
Maturity
January 31, 2031
Event
amendment
Exact text from the filing
extends the maturity date for $450 million of revolving credit commitments of certain lenders under the Credit Agreement from January 31, 2030 to January 31, 2031
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PATTERSON UTI ENERGY INC amended revolving credit of $25 million of the revolving credit commitments with HSBC Bank USA, N.A..

Instrument
revolving credit
Principal
$25 million of the revolving credit commitments
Counterparty
HSBC Bank USA, N.A.
Event
amendment
Exact text from the filing
assigns $25 million of the revolving credit commitments from HSBC Bank USA, N.A. to JPMorgan Chase Bank, N.A.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

PATTERSON UTI ENERGY INC amended Assignment and Amendment No. 1 to Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the letter of credit issuers and lenders party thereto (effective 2026-04-24).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent, and the letter of credit issuers and lenders party thereto
Effective
2026-04-24
Exact text from the filing
On April 24, 2026, Patterson-UTI Energy, Inc. (the “Company”) entered into the Assignment and Amendment No. 1 to Second Amended and Restated Credit Agreement (the “Amendment”), which amends the Second Amended and Restated Credit Agreement, dated as of January 31, 2025, by and among the Company, Wells Fargo Bank, National Association, as administrative agent, and the letter of credit issuers and lenders party thereto (as amended, the “Credit Agreement”).
View on SEC.gov

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Source: SEC EDGAR
accession 0000889900-26-000030
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