COMMITMENT INCREASE AGREEMENTCommitment Increase Agreement • May 6th, 2024 • Patterson Uti Energy Inc • Drilling oil & gas wells • New York
This COMMITMENT INCREASE AGREEMENT (“Agreement”) dated as of April 5, 2024 (“Effective Date”), is by and among Patterson-UTI Energy, Inc., a Delaware corporation (“Borrower”), Citibank, N.A. (the “New Lender”), HSBC Bank USA, National Association (the “Increasing Lender”), the L/C Issuers (as defined below) party hereto, and Wells Fargo Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders (as defined below), as an L/C Issuer, and as the swing line lender under the Credit Agreement referred to below (in such capacity, the “Swing Line Lender”).
