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0:00 / 0:00I. Material Definitive Agreement — Issuance of 6.050% Senior Notes due 2036
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Patterson-UTI Refinances $500 Million in Debt to Extend Maturity to 2036

PTEN8-KFiling Date: 5/19/2026
Patterson-UTI Energy, Inc.
Description

What this story covers

Patterson-UTI issued $500 million in 6.050% Senior Notes due 2036 to refinance existing 3.95% debt. While increasing annual interest costs by $10.5 million, the move strategically extends the company's debt runway by eight years and reduces near-term refinancing risk.

Story snapshot

CompanyPatterson-UTI Energy, Inc.
TickerPTEN
VariantStandard detailed
Duration5:16
Filing type8-K
PeriodAnnual 2026
IndustryEnergy
Accession0001193125-26-230750
Sources1

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Primary Sources

sec_filing8-KView on SEC.gov →

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