Each one in plain English, with the numbers worked through for a shareholder.
29 Sept 2021debt financing▲ GoodMajor
The $550 million 2.900% senior notes due Sept 29, 2031 closed on Sept 29, 2021. They are unsecured, issued under the Dec 2018 indenture with Wells Fargo as trustee. The company agreed to file a registered exchange offer, with effectiveness targeted by June 26, 2022 and completion by July 26, 2022, or it pays 0.25% extra interest. The CEO said the deal extends debt maturity at a lower rate, and the company still states it intends to redeem the 4.65% 2025 notes with the proceeds and cash. The filing does not report the redemption as done.
Helmerich & Payne agreed on Sept 27, 2021 to sell $550 million of 2.900% senior notes due 2031 to institutional buyers through Goldman Sachs, upsized from a planned $500 million. It says it will use the proceeds plus cash on hand to redeem all of its outstanding 4.65% notes due 2025 ($487.1 million outstanding); the offering is not conditioned on that redemption. This starts the replacement of the 2025 notes the context has tracked since 2018.
Helmerich & Payne issued a press release on July 28, 2021 announcing results for its third fiscal quarter ended June 30, 2021. The 8-K only furnished the release as an exhibit and gave no figures itself.
Helmerich & Payne issued a press release on April 29, 2021 announcing results for its second fiscal quarter ended March 31, 2021. The 8-K itself gave no figures.
Helmerich & Payne, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Ahead of the March 2, 2021 annual meeting, Helmerich & Payne filed a proxy supplement urging a yes vote on executive pay. It explained the voluntary separation program, in which 60 corporate employees including retiring officers Robert Stauder and Wade Clark took part.
and State Farm Mutual Automobile Insurance Company reported a Helmerich & Payne, Inc. shareholding of 8,257,200 shares (7.67% of votes) in a periodic institutional filing.
