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Helmerich & Payne ( (HP) ) has shared an update.
Helmerich & Payne, Inc. is set to offer senior unsecured notes to qualified investors in a private, unregistered offering. The company has revealed this move in a press release, complying with public disclosure regulations. This decision comes despite KCA Deutag, whose financial statements Helmerich & Payne includes, receiving qualified audit reports due to sanctions-related limitations on their Russian operations audit. The financial summaries demonstrate that past performance is not indicative of future results, and the information presented lacks certain details that would be required for a registered SEC offering.
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