---
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"
generated_at: "2026-05-16T04:06:17.160402+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-26-002794
- JSON: https://secwatch.observer/filing/0001999371-26-002794.json
- Plain text: https://secwatch.observer/filing/0001999371-26-002794.txt

## Key facts
- Debt Financings
  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
  source text: completed its previously announced private offering of $700.0 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/1694028/000199937126002794/0001999371-26-002794-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1694028/000199937126002794/0001999371-26-002794-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.