Patterson-UTI refinances $482.5M debt, extends maturity to 2036 at higher rate

Filed June 4, 2026 · Period ending June 4, 2026 · ~1 min read

Key Changes

• medium

  Redeemed all $482.5M of 3.95% 2028 notes at par using proceeds from new $500M 6.050% 2036 notes issued May 2026, extending maturity 8 years but increasing coupon by 211 basis points.

  Item 8.01 — Other Events verify on EDGAR →
• medium

  Stockholders approved 28.9M share increase to 2021 Long-Term Incentive Plan with 97.7% support (319.7M for, 7.4M against), expanding equity compensation capacity.

  Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
• medium

  All 10 directors elected with 97.1%–99.9% support of votes cast; support ranged from 83.7%–86.1% of 379.6M shares outstanding.

  Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →