PATTERSON UTI ENERGY INC (PTEN): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PATTERSON UTI ENERGY INC incurred senior notes of $500 million aggregate principal amount at 6.050% per annum maturing May 15, 2036.

Instrument: senior notes
Principal: $500 million aggregate principal amount
Rate: 6.050% per annum
Maturity: May 15, 2036
Event: incurrence

Exact text from the filing

On May 19, 2026, Patterson-UTI Energy, Inc. (the “Company”) completed its previously announced offering (the “Offering”) of $500 million aggregate principal amount of the Company’s 6.050% Senior Notes due 2036

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

PATTERSON UTI ENERGY INC entered into Third Supplemental Indenture to Base Indenture, dated as of November 15, 2019 with U.S. Bank Trust Company, National Association valued at $500 million aggregate principal amount of 6.050% Senior Notes due 2036 (effective 2026-05-19).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $500 million aggregate principal amount of 6.050% Senior Notes due 2036
Effective: 2026-05-19

Exact text from the filing

On May 19, 2026, Patterson-UTI Energy, Inc. (the “Company”) completed its previously announced offering (the “Offering”) of $500 million aggregate principal amount of the Company’s 6.050% Senior Notes due 2036 (the “Notes”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-26-230750

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