Liberty Energy amends credit agreement to allow $100M buyback waiver, adds $150M liquidity covenant

Liberty Energy Inc.

Waived fixed charge coverage ratio for up to $100M of restricted payments for 2022 stock repurchase program.
New minimum liquidity requirement of $150M to make such restricted payments.
Permitted purchase money indebtedness increased from $50M to $70M.
Prepayment premium of 1% added for first year of amendment effective date.
Benchmark rate switched from LIBOR to SOFR for interest calculations.

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