Patterson-UTI Energy Inc. - 2010-10-06


Sold $300 million aggregate principal amount of unsecured 4.97% series A senior notes due October 5, 2020. The company will use the proceeds from the sale of the notes to pay off $200 million outstanding under its revolving credit facility and for general corporate purposes. The borrowing under the revolving credit facility occurred in connection with the company's recently completed acquisition of pressure pumping and wireline assets.

Click here to go back to the search page
Estimated Price
Financing Type
Report Date