Helmerich & Payne Completes Sale of Utica Square

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced it has completed the sale of Utica Square, the Tulsa retail center it has owned for more than six decades, to funds managed by Northwood Investors, LLC, a privately held real estate equity firm that owns and operates real estate across the United States. The sale reflects continued progress on H&P's debt reduction goals, with after-tax proceeds exceeding the previously communicated $100 million divestiture.