Patterson-UTI issues $500M of 6.050% Senior Notes due 2036 to refinance 2028 notes

PATTERSON UTI ENERGY INC

Issued $500M aggregate principal of 6.050% Senior Notes due May 15, 2036.
Net proceeds to redeem outstanding 3.95% Senior Notes due 2028 and for general corporate purposes.
Interest payable semi-annually on May 15 and November 15.
Notes are senior unsecured obligations ranking equally with existing unsecured debt.
Company may redeem notes at its option prior to Feb 15, 2036 at specified redemption prices.

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