tiprankstipranks
Helmerich & Payne Announces Unsecured Notes Amid Audit Challenges
Company Announcements

Helmerich & Payne Announces Unsecured Notes Amid Audit Challenges

Pick the best stocks and maximize your portfolio:

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.

For detailed information about HP stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyHelmerich & Payne price target raised to $35 from $34 at Goldman Sachs
Shrilekha PetheHP (NYSE:HPQ) Faces Short-Term Pressures but Eyes PC Recovery and Margin Rebound
TheFlyHelmerich & Payne price target lowered to $36 from $39 at Barclays
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App