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AI brief of an SEC Form 8-K · Patterson-UTI Energy (PTEN)

Patterson-UTI amends credit agreement, extends $450 million of revolving commitments to 2031

Neutral Impact 2 of 5 financing Written later

Patterson-UTI Energy entered into an amendment to its existing credit agreement on April 24, 2026. The amendment extends the maturity of $450 million of revolving credit commitments from January 31, 2030 to January 31, 2031, and moves $25 million of commitments from HSBC to JPMorgan Chase.

Key points

  • Amendment dated April 24, 2026, amends the credit agreement dated January 31, 2025, with Wells Fargo as administrative agent
  • $450 million of revolving commitments from certain lenders now mature January 31, 2031, instead of January 31, 2030
  • $25 million of revolving commitments assigned from HSBC Bank USA to JPMorgan Chase Bank

The filing

CompanyPatterson-UTI Energy (PTEN)
Form8-K, current report
Filed with the SECApr 28, 2026, 8:03 AM ET
Accession number0000889900-26-000030

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.