Patterson-UTI extends $450M credit facility maturity to 2031, reduces refinancing risk

Filed April 28, 2026 · Period ending April 24, 2026 · ~1 min read

Key Changes

• medium

  Company pushed maturity date on $450 million of its revolving credit facility from January 2030 to January 2031, giving it an extra year of access to this credit line and reducing near-term refinancing pressure.

  Item 1.01 verify on EDGAR →
• low

  Amendment reassigned $25 million in credit commitments from HSBC to JPMorgan Chase, a routine administrative change in lender composition with no impact on total facility size or borrowing terms.

  Item 1.01 verify on EDGAR →
• low

  Wells Fargo continues as administrative agent, letter of credit issuer, and swing line lender under the amended credit agreement executed April 24, 2026.

  Exhibit 10.1 verify on EDGAR →