Short answer
PATTERSON UTI ENERGY INC (PTEN) filed an 8-K current report with the SEC on May 19, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation). $500M senior notes issued at 6.050%, maturing May 15, 2036.
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
- $500M senior notes issued at 6.050%, maturing May 15, 2036
- Proceeds intended to redeem 3.95% notes due 2028 and fund general corporate purposes
- Refinancing extends maturity but raises stated interest rate versus the debt being redeemed
- Senior unsecured ranking, with effective subordination to future secured debt and subsidiary liabilities
Other items in this filing:
- Item 2.03: Creation of a Direct Financial Obligation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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