Liberty Energy Prices $475 Million Convertible Notes Offering

Liberty Energy has priced a $475 million convertible notes offering, according to a statement from the company. The notes will mature in 2029 and have a conversion price of $25.50 per share.

The offering is a significant move for Liberty Energy, which has been looking to expand its operations and increase its financial flexibility. The company has been active in the oil and gas industry, with a focus on exploration and production.

The convertible notes offering is a common financing tool for companies in the energy sector, allowing them to raise capital without issuing new shares. The notes can be converted into shares of Liberty Energy's common stock at a later date, providing investors with the option to participate in the company's growth.

The offering is expected to close on March 31, 2026, subject to customary closing conditions. Liberty Energy has engaged Goldman Sachs, J.P. Morgan, and Wells Fargo Securities as joint book-running managers for the offering.

The company's stock price has been affected by the announcement, with shares rising 2.5% in pre-market trading. The offering is seen as a positive development for Liberty Energy, which has been working to expand its operations and increase its financial flexibility.

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[7] Liberty Energy prices $475 million convertible notes offering