secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Energy Inc. (LBRT)
CIK:        0001694028
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001999371-26-007202
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694028/000199937126007202/0001999371-26-007202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694028/000199937126007202/liberty_8k-033026.htm
  HTML page:      https://secwatch.observer/filing/0001999371-26-007202

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