---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-26-007202"
form_type: "8-K"
ticker: "LBRT"
cik: "0001694028"
company_name: "Liberty Energy Inc."
filed_at: "2026-03-30T23:59:59+00:00"
generated_at: "2026-05-15T08:24:15.430546+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Liberty Energy closes $475M zero-coupon convertible notes due 2032; initial conversion price ~$37.44

## Summary
- Closed private offering of $475M aggregate principal 0.00% convertible senior notes due 2032; initial purchasers exercised $50M option.
- Initial conversion rate 26.7094 shares per $1,000 (conversion price ~$37.44/share), a ~30% premium over March 25 closing price of $28.80.
- Net proceeds ~$511.3M; used ~$77.2M for capped call transactions (cap price ~$72/share), remainder for general corporate purposes.
- Capped calls cover shares underlying notes to reduce dilution; notes are unsecured and not registered under Securities Act.

## SEC filing metadata
- accession: 0001999371-26-007202
- form_type: 8-K
- ticker: LBRT
- cik: 0001694028
- company_name: Liberty Energy Inc.
- filed_at: 2026-03-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1694028/000199937126007202/0001999371-26-007202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1694028/000199937126007202/liberty_8k-033026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-26-007202
- JSON: https://secwatch.observer/filing/0001999371-26-007202.json
- Plain text: https://secwatch.observer/filing/0001999371-26-007202.txt

## Source-grounded claims
- claim_id: cdf8016080cb6070b090ac245298647caa1cf233
  claim: Liberty Energy Inc. incurred convertible notes of $475.0 million aggregate principal amount with Liberty Energy Inc. at 0.00% maturing March 1, 2032.
  evidence_excerpt: On March 30, 2026, Liberty Energy Inc. (the “ Company ”) completed its previously announced private offering of $475.0 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2032 (the “ Notes ”) to several investment banks acting as initial purchasers (collectively, the “ Initial Purchasers ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1694028/000199937126007202/0001999371-26-007202-index.htm
- claim_id: 19609e8294917ba3dbb8574c1c84c5b662d161d7
  claim: Liberty Energy Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $475.0 million aggregate principal amount (effective 2026-03-30).
  evidence_excerpt: On March 30, 2026, Liberty Energy Inc. (the “ Company ”) completed its previously announced private offering of $475.0 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2032 (the “ Notes ”) to several investment banks acting as initial purchasers (collectively, the “ Initial Purchasers ”). On March 26, 2026, the Initial Purchasers exercised in full their option to purchase an additional $50.0 million aggregate principal amount of the Notes. The Notes were issued pursuant to an indenture, dated March 30, 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/1694028/000199937126007202/0001999371-26-007202-index.htm

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