secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Energy Inc. (LBRT)
CIK:        0001694028
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001999371-26-002794
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694028/000199937126002794/0001999371-26-002794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694028/000199937126002794/lbrt-8k_020626.htm
  HTML page:      https://secwatch.observer/filing/0001999371-26-002794

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