Subject to Completion, Dated November 26, 2019
Prospectus Supplement No. 1
(to Prospectus dated
November 12, 2019)
Unit Corporation
OFFER TO EXCHANGE AND CONSENT SOLICITATION
10.000% Senior Secured Notes due 2024 and
7.000% Junior Secured Notes due 2025
for
Any and All 6.625%
Senior Subordinated Notes due 2021
(CUSIP No. 909218 AB5—ISIN US909218AB56)
and
Solicitation of
Consents to Amend the Related Indenture and Notes
This prospectus supplement (this “prospectus supplement”) updates the statements and information and supersedes any inconsistent
statement or information contained in the prospectus dated November 12, 2019 (the “prospectus”) of Unit Corporation (“we,” “us,” or the “Company”) to extend the Early Tender Date of the Exchange Offer (as
defined below) to 5:00 P.M., New York City time, on Friday, November 29, 2019. This prospectus supplement and the prospectus, taken together, constitute a current prospectus relating to the Company’s offer to exchange (collectively, the
“Exchange Offer”) any and all outstanding 6.625% Senior Subordinated Notes due 2021 (the “Old Notes”) for, at the election of holders:
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$735 principal amount of 10.000% Senior Secured Notes due 2024 (the “Senior Secured Notes”) per $1,000
principal amount of Old Notes validly tendered for exchange prior to the Early Tender Date and $685 principal amount of Senior Secured Notes per $1,000 principal amount of Old Notes validly tendered for exchange following the Early Tender Date and
prior to the Expiration Date, in each case, subject to the Senior Secured Notes Cap (as defined in the prospectus) (the “Senior Secured Option”); or
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$1,000 principal amount of 7.000% Junior Secured Notes due 2025 (the “Junior Secured Notes” and together
with the Senior Secured Notes, the “New Notes”) per $1,000 principal amount of Old Notes validly tendered for exchange prior to the Early Tender Date and $950 principal amount of Junior Secured Notes per $1,000 principal amount of Old
Notes validly tendered for exchange following the Early Tender Date and prior to the Expiration Date.
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This prospectus
supplement contains important changes and should be read carefully and in its entirety in conjunction with the prospectus. Except as set forth in this prospectus supplement, the terms and conditions of the Exchange Offer remain as set forth in the
prospectus. Unless otherwise defined in this prospectus supplement, capitalized terms used in this prospectus supplement shall have the same meanings as set forth in the prospectus.
The date of this prospectus supplement is November 26, 2019
