secwatch / observer
8-K filed November 9, 2022, 6:59 PM ET ticker PTEN CIK 0000889900
debt confidence high sentiment neutral materiality 0.65

PATTERSON UTI ENERGY INC (PTEN): debt financing — Patterson-UTI amends credit agreement; extends $416.7M revolver to 2026, adopts SOFR

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 $600 million with Wells Fargo Bank, National Association maturing March 27, 2026.

Instrument
revolving credit
Principal
$600 million
Counterparty
Wells Fargo Bank, National Association
Maturity
March 27, 2026
Event
amendment
Exact text from the filing
the maturity date for $416.7 million of revolving credit commitments of certain lenders under the Credit Agreement from March 27, 2025 to March 27, 2026. As a result, of the $600 million of revolving credit commitments under the Credit Agreement, the maturity date for $416.7 million of such commitments is March 27, 2026; the maturity date for $133.3 million of
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PATTERSON UTI ENERGY INC amended Amendment No. 3 to Amended and Restated Credit Agreement with Wells Fargo Bank, National Association (effective 2022-11-09).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association
Effective
2022-11-09
Exact text from the filing
On November 9, 2022, Patterson-UTI Energy, Inc. (the “Company”) entered into Amendment No. 3 to Amended and Restated Credit Agreement (the “Amendment”), which amends the Company’s amended and restated credit agreement, dated as of March 27, 2018 (as previously amended, the “Credit Agreement”), among the Company, as borrower, Wells Fargo Bank, National Association, as administrative agent, letter of credit issuer, swing line lender and lender and each of the other letter of credit issuers and lenders party thereto.
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Source: SEC EDGAR
accession 0000950170-22-023841
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