---
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"
generated_at: "2026-06-10T19:45:17.368823+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Patterson-UTI Energy issues $400M 7.15% senior notes due 2033

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-234353
- JSON: https://secwatch.observer/filing/0001193125-23-234353.json
- Plain text: https://secwatch.observer/filing/0001193125-23-234353.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/889900/000119312523234353/0001193125-23-234353-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/889900/000119312523234353/0001193125-23-234353-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/889900/000119312523234353/0001193125-23-234353-index.htm

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