News Releases

Baker Botts Represents Helmerich & Payne, Inc. in $550 Million Private Offering of Senior Notes

Release

Deal Description: Helmerich & Payne, Inc. (NYSE: HP) (“H&P” or the “Company”) announced on September 27, 2021 that it has priced its previously announced private offering (the “Offering”) of $550 million aggregate principal amount of 2.900% Senior Notes due 2031 to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The offering size was increased from the previously announced offering size of $500 million in aggregate principal amount.

The Company intends to use the net proceeds from the Offering, plus cash on hand, to redeem and retire all $487.1 million aggregate principal amount of the Company’s outstanding 4.65% Senior Notes due 2025 (the “Redemption”).

The Offering is expected to close on September 29, 2021, subject to customary closing conditions.

Baker Botts L.L.P. represented H&P in the Offering and the Redemption. 

Baker Botts Lawyers/Office Involved:

For more information, please see H&P’s news release by clicking here.

 

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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