Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Liberty Energy Inc. amended revolving credit of $525 million with Wells Fargo Bank, National Association, as administrative agent maturing January 23, 2028.
- Instrument
- revolving credit
- Principal
- $525 million
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent
- Maturity
- January 23, 2028
- Event
- amendment
Exact text from the filing
The Eighth Amendment amends certain terms, provisions and covenants of the Original Credit Agreement, including, among other things: (i) increasing the maximum revolver amount from $425 million to $525 million (the “ Upsized Revolver ”); (ii) increasing the amount of the accordion feature from $75 million to $100 million; (iii) extending the maturity date from October 22, 2026 to January 23, 2028
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Liberty Energy Inc.: Amended Bylaws to adopt universal proxy rules and update Delaware law provisions (effective 2023-01-24).
- Change
- bylaw amendment
- Effective
- 2023-01-24
Exact text from the filing
On January 24, 2023, the Board of Directors of the Company approved and adopted amendments (the “ Amendments ”) to the Second Amended and Restated Bylaws of the Company (as amended, the “ Second Amended and Restated Bylaws ”). The Amendments address the new universal proxy rules under Rule 14a-19 of the Securities Exchange Act of 1934, as amended (“ Rule 14a-19 ”), by, among other things, providing that: (i) a stockholder who submits a director nomination notice must also make a representation as to whether such stockholder intends to solicit proxies in support of its proposed nominee in accordance with Rule 14a-19 and (ii) if the stockholder provides notice pursuant to Rule 14a-19 with respect to a proposed nominee and subsequently fails to comply with requirements of Rule 14a-19, the Company will disregard the nomination of the proposed nominee.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Liberty Energy Inc. terminated Term Loan Agreement with U.S. Bank National Association (effective 2023-01-23).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- U.S. Bank National Association
- Effective
- 2023-01-23
Exact text from the filing
the Company terminated its previously existing term loan facility that was evidenced by that certain credit agreement dated as of September 19, 2017, by and among the Company, Liberty Oilfield Services LLC, Liberty Oilfield Services New Holdco LLC, R/C IV Non-U.S. LOS Corp, other subsidiaries of the Company, U.S. Bank National Association, as administrative agent, and other lenders (as amended, the “ Term Loan Agreement ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Liberty Energy Inc. amended Eighth Amendment with Wells Fargo Bank, National Association (effective 2023-01-23).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Effective
- 2023-01-23
Exact text from the filing
On January 23, 2023, Liberty Energy Inc. (the “ Company ”), Liberty Oilfield Services New Holdco LLC, R/C IV Non-U.S. LOS Corp, Liberty Oilfield Services LLC, other subsidiaries of the Company, Wells Fargo Bank, National Association, as administrative agent (the “ Agent ”), and other lenders entered into an Eighth Amendment to the Credit Agreement and Amendment to the U.S. Guaranty and Security Agreement (the “ Eighth Amendment ”).
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