Liberty Energy closes $770M 0% convertible notes offering; net proceeds ~$746M

Liberty Energy Inc.

Issued $770M aggregate principal (including $70M greenshoe) of 0.00% convertible senior notes due 2031.
Initial conversion rate 28.9830 shares per $1,000 (conversion price ~$34.50, a 32.5% premium over stock).
Net proceeds ~$746M; used $109.3M for capped call transactions, remainder to repay debt and general corporate.
Capped call transactions set cap at ~$65.10 per share to reduce potential dilution upon conversion.
Notes are general unsecured senior obligations; maturity March 1, 2031, redeemable at option after March 2029.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

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. incurred convertible notes of $700.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 0.00% maturing March 1, 2031.

Instrument: convertible notes
Principal: $700.0 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0.00%
Maturity: March 1, 2031
Event: incurrence

Exact text from the filing

completed its previously announced private offering of $700.0 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Liberty Energy Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $700.0 million aggregate principal amount (effective 2026-02-06).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $700.0 million aggregate principal amount
Effective: 2026-02-06

Exact text from the filing

The Notes were issued pursuant to an indenture, dated February 6, 2026 (the “ Indenture ”), between the Company and U.S. Bank Trust Company, National Association, as trustee.

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306 debt financings filed in the last 30 days. Browse all debt financings →

Liberty Energy Inc. filing history →

Source: SEC EDGAR

accession 0001999371-26-002794

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