Financing Seventy Seven Energy Debt

6 ● ● Financing to repay Seventy Seven Energy Debt - $500 million available under Patterson-UTI line of credit Transaction Terms - $150 million unsecured bridge financing commitment Patterson-UTI expects to issue additional equity to maintain historically conservative capital structure - Approva Shareholder vote required for both companies - Standard regulatory approvals and other closing conditions - PATTERSON-UT!

View entire presentation