Feb. 3 at 3:03 PM
Liberty Energy announced plans to offer
$500 million in senior convertible notes due 2031, with an option for initial purchasers to buy an additional
$50 million within 13 days of issuance. The unsecured notes will pay semiannual interest starting in September 2026 and mature in March 2031.
The company plans to use proceeds to fund capped call transactions, repay existing debt, and support general corporate purposes. The notes may be converted into cash, Liberty Class A shares, or a combination of both, at the company’s discretion.
Liberty intends to enter capped call transactions with purchasers or their affiliates to help reduce potential dilution from note conversions. These transactions may involve derivative activities and share purchases that could impact Liberty’s stock price. The notes and any shares issued upon conversion have not been registered under U.S. securities laws.
$LBRT