---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-098404"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2024-09-10T23:59:59+00:00"
generated_at: "2026-05-31T05:45:00.041311+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HP announces senior notes offering to fund KCAD acquisition; discloses qualified audit on KCAD

## Summary
- Offering senior unsecured notes; proceeds with term loan and cash to finance KCAD purchase and repay KCAD debt.
- KCAD 2022 and 2023 audited financials have qualified audit opinions due to Russia discontinued operations scope limitation.
- KCAD 2023 revenue $1.6B, operating profit $166.8M; H1 2024 revenue $865.7M, operating profit $103.1M.
- Pro forma combined net income: $363M for year ended Sep 2023; $255M for nine months ended Jun 2024.
- Notes subject to special mandatory redemption if KCAD acquisition not closed by Oct 25, 2025.

## SEC filing metadata
- accession: 0001104659-24-098404
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2024-09-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000110465924098404/0001104659-24-098404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000110465924098404/tm2423608d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-098404
- JSON: https://secwatch.observer/filing/0001104659-24-098404.json
- Plain text: https://secwatch.observer/filing/0001104659-24-098404.txt

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