secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000950170-22-023841
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patterson-UTI amends credit agreement; extends $416.7M revolver to 2026, adopts SOFR
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- LC facility capacity increased to $100M; swing line capacity set at lesser of $50M or unused commitment.
- Maturity extended to March 2026 for $416.7M of $600M revolver; $133.3M matures March 2025, $50M March 2024.
- Reference rate changed from LIBOR to SOFR under Amendment No. 3.
- No borrowings or LCs outstanding; $600M borrowing capacity remains available.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000095017022023841/0000950170-22-023841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000095017022023841/pten-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023841

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