- Pioneer Energy Services, successor to Pioneer Energy Services and wholly owned subsidiary of Patterson-UTI Energy (NASDAQ:PTEN), announced the accelerated mandatory conversion of all outstanding principal amount of its 5.00% convertible senior unsecured PIK Notes due 2025.
- In the share exchange event, each share of PES common stock was converted into the right to receive 1.8692 shares of Patterson-UTI common stock.
- The accelerated mandatory conversion date is Oct.8
Patterson-UTI Energy subsidiary announced accelerated mandatory conversion of senior notes
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Symbol | Last Price | % Chg |
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PTEN | - | - |
Patterson-UTI Energy, Inc. |