Patterson-UTI prices $500 million 6.05% senior notes due 2036 offering

Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc.

PTEN

0.00
  • Patterson-UTI entered underwriting agreement for offering of USD 500 million 6.050% Senior Notes due 2036.
  • Net proceeds earmarked to redeem 3.95% Senior Notes due 2028, with remainder for general corporate purposes.
  • Sale expected to close May 19, 2026, subject to customary closing conditions.
  • Conditional notice issued to redeem about USD 482.5 million of outstanding 2028 notes, with funding tied to completion of senior debt offering by June 4, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Patterson-UTI Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-207696), on May 06, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.