Helmerich & Payne enters $400M term loan and $950M revolver for KCA Deutag acquisition

Helmerich & Payne, Inc.

Term Loan Agreement allows up to $400M unsecured delayed draw, maturing 2 years after acquisition close.
Revolving Credit Agreement upsized to $950M (from $750M), with $775M expiring Nov 2028 and $175M Nov 2027.
Revolving credit covenant: maximum funded debt to capitalization ratio increased to 55% (from 50%).
Proceeds used to finance KCA Deutag acquisition and refinance existing debt.

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