secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Energy Inc. (LBRT)
CIK:        0001694028
Form:       8-K
Filed at:   2022-08-17T23:59:59+00:00
Accession:  0001694028-22-000038
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694028/000169402822000038/0001694028-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694028/000169402822000038/lbrt-20220812.htm
  HTML page:      https://secwatch.observer/filing/0001694028-22-000038

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