debt
confidence high
sentiment neutral
materiality 0.50
Liberty Energy amends credit facility, increases revolver by $75M to $425M, shifts to SOFR
Liberty Energy Inc.
- Maximum revolver commitment increased by $75 million to $425 million.
- Sixth amendment replaces LIBOR with SOFR as interest rate benchmark.
- Certain covenant and reporting baskets modified as part of the amendment.
- Amendment dated July 18, 2022, and filed as an 8-K on July 21, 2022.