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

Patterson-UTI completes $500 million senior notes offering due 2036

Neutral Impact 3 of 5 financing Written later

Patterson-UTI Energy completed a $500 million offering of 6.050% Senior Notes due 2036 on May 19, 2026. The company plans to use the net proceeds to redeem its 3.95% Senior Notes due 2028 and for general corporate purposes, which changes the mix and cost of its debt.

Key points

  • Notes: $500 million aggregate principal, 6.050% interest, maturing May 15, 2036
  • Interest payable May 15 and November 15 each year
  • Proceeds intended to redeem outstanding 3.95% Senior Notes due 2028 and for general corporate purposes
  • Notes are senior unsecured; none of the subsidiaries are currently required to guarantee them

The filing

CompanyPatterson-UTI Energy (PTEN)
Form8-K, current report
Filed with the SECMay 19, 2026, 4:07 PM ET
Accession number0001193125-26-230750

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 May 19, 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.