Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.98
PATTERSON UTI ENERGY INC incurred senior notes of $400 million aggregate principal amount with U.S. Bank Trust Company, National Association at 7.15% per annum maturing October 1, 2033.
- Instrument
- senior notes
- Principal
- $400 million aggregate principal amount
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 7.15% per annum
- Maturity
- October 1, 2033
- Event
- incurrence
Exact text from the filing
On September 13, 2023, Patterson-UTI Energy, Inc. (the “Company”) completed its offering (the “Offering”) of $400 million aggregate principal amount of the Company’s 7.15% Senior Notes due 2033 (the “Notes”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PATTERSON UTI ENERGY INC entered into Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $400 million (effective 2023-09-13).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $400 million
- Effective
- 2023-09-13
Exact text from the filing
On September 13, 2023, Patterson-UTI Energy, Inc. (the “Company”) completed its offering (the “Offering”) of $400 million aggregate principal amount of the Company’s 7.15% Senior Notes due 2033 (the “Notes”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PATTERSON UTI ENERGY INC terminated Term Loan Agreement with Wells Fargo Bank, National Association (effective 2023-09-13).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Effective
- 2023-09-13
Exact text from the filing
On September 13, 2023, following completion of the Offering, the Company delivered a notice of termination (the “Termination Notice”) to the Agent to terminate the facility under the Term Loan Agreement.
View on SEC.gov