---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-100662"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2024-09-17T23:59:59+00:00"
generated_at: "2026-05-31T04:24:30.830718+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Helmerich & Payne issues $1.25B in senior notes to fund KCA Deutag acquisition

## Summary
- Issued $350M of 4.650% senior notes due 2027, $350M of 4.850% notes due 2029, and $550M of 5.500% notes due 2034.
- Net proceeds, with term loan borrowings and cash, will finance the pending KCA Deutag acquisition and repay certain KCA Deutag debt.
- If acquisition not closed by Oct 2025 (or extended date) or terminated, notes subject to special mandatory redemption at 101% of principal.
- Registration Rights Agreement requires an exchange offer for freely tradeable notes; failure triggers 0.25% additional interest.

## SEC filing metadata
- accession: 0001104659-24-100662
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2024-09-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000110465924100662/0001104659-24-100662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000110465924100662/tm2423608d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-100662
- JSON: https://secwatch.observer/filing/0001104659-24-100662.json
- Plain text: https://secwatch.observer/filing/0001104659-24-100662.txt

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