Short answer
PATTERSON UTI ENERGY INC (PTEN) filed an 8-K current report with the SEC on April 28, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $450 million revolving credit commitments extended one year, from January 31, 2030 to January 31, 2031.
PATTERSON UTI ENERGY INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $450 million revolving credit commitments extended one year, from January 31, 2030 to January 31, 2031
- $25 million of commitments transferred from HSBC Bank USA to JPMorgan Chase
- Longer-dated borrowing capacity supports liquidity flexibility and reduces near-term refinancing pressure
- Amendment to existing credit facility, with terms and conditions governed by Exhibit 10.1
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