{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-234353","form_type":"8-K","ticker":"PTEN","cik":"0000889900","company_name":"PATTERSON UTI ENERGY INC","filed_at":"2023-09-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.900319+00:00","generated_at":"2026-06-10T19:45:17.368823+00:00","sec_items":["1.01","1.02","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Patterson-UTI Energy issues $400M 7.15% senior notes due 2033","bullets":["$400M aggregate principal amount of 7.15% Senior Notes due 2033 issued on Sept 13, 2023.","Net proceeds to repay revolving credit facility borrowings and for general corporate purposes.","Notes are senior unsecured obligations, rank equally with existing senior unsecured debt.","Company terminated Term Loan Agreement effective Sept 20, 2023, following the offering.","Interest payable Apr 1 and Oct 1; maturity Oct 1, 2033."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-234353","json":"https://secwatch.observer/filing/0001193125-23-234353.json","markdown":"https://secwatch.observer/filing/0001193125-23-234353.md","text":"https://secwatch.observer/filing/0001193125-23-234353.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889900/000119312523234353/0001193125-23-234353-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889900/000119312523234353/d490110d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T19:45:17.368823+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"58a9541a4522e1fcde8e7276779a9ca2b8500619","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/889900/000119312523234353/0001193125-23-234353-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"7.15% per annum"},{"label":"Maturity","value":"October 1, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"463d31191b90dc1fdc033f0d1724e769c1422248","claim":"PATTERSON UTI ENERGY INC entered into Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $400 million (effective 2023-09-13).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889900/000119312523234353/0001193125-23-234353-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$400 million"},{"label":"Effective","value":"2023-09-13"}],"fact_type":"material_agreement"},{"claim_id":"e30e1ed9a414d237e3f48edaa3b7efd2350000fd","claim":"PATTERSON UTI ENERGY INC terminated Term Loan Agreement with Wells Fargo Bank, National Association (effective 2023-09-13).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889900/000119312523234353/0001193125-23-234353-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Effective","value":"2023-09-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}