secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001193125-26-207696
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000119312526207696/0001193125-26-207696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000119312526207696/d131356d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-207696

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