{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-26-002794","form_type":"8-K","ticker":"LBRT","cik":"0001694028","company_name":"Liberty Energy Inc.","filed_at":"2026-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.916770+00:00","generated_at":"2026-05-16T04:06:17.160402+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Liberty Energy closes $770M 0% convertible notes offering; net proceeds ~$746M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-26-002794","json":"https://secwatch.observer/filing/0001999371-26-002794.json","markdown":"https://secwatch.observer/filing/0001999371-26-002794.md","text":"https://secwatch.observer/filing/0001999371-26-002794.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1694028/000199937126002794/0001999371-26-002794-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1694028/000199937126002794/lbrt-8k_020626.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:06:17.160402+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5fd1a25bbd88a9134ec1ca7a40347d3d5252d4a0","claim":"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.","evidence_excerpt":"completed its previously announced private offering of $700.0 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1694028/000199937126002794/0001999371-26-002794-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$700.0 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"0.00%"},{"label":"Maturity","value":"March 1, 2031"},{"label":"Event","value":"incurrence"}]},{"claim_id":"6742bc00d119e218adba1a8ffa6bd15b89d2bd8f","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1694028/000199937126002794/0001999371-26-002794-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$700.0 million aggregate principal amount"},{"label":"Effective","value":"2026-02-06"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}