News Releases

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


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.

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