secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0001193125-23-234353
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000119312523234353/0001193125-23-234353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000119312523234353/d490110d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-234353

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