---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-089785"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2024-08-15T23:59:59+00:00"
generated_at: "2026-05-31T09:08:41.352070+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-089785
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2024-08-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000110465924089785/0001104659-24-089785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000110465924089785/tm2421697d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-089785
- JSON: https://secwatch.observer/filing/0001104659-24-089785.json
- Plain text: https://secwatch.observer/filing/0001104659-24-089785.txt

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