Patterson-UTI Energy prices $500M 6.050% Senior Notes due 2036, to redeem 2028 notes

PATTERSON UTI ENERGY INC

Issued $500M of 6.050% Senior Notes due 2036; net proceeds to redeem $482.5M of 3.95% 2028 Notes.
Underwriting agreement signed May 5, 2026; closing expected May 19, 2026.
Conditional redemption notice for 2028 Notes requires debt offering completion by June 4, 2026.
Redemption funded by note proceeds, cash on hand, and revolving credit facility borrowings.

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