| Issuer / Guarantor | Liberty Energy Inc |
|---|---|
| Size | USD 770mn |
| Type | Convertible |
| Leads | Goldman Sachs, JP Morgan, Wells Fargo, BoA |
| Maturity | 01 Mar 2031 (5.1 years) |
| Coupon | 0% (0.25 - 0.75%) |
| Premium | 32.5% (27.5 - 32.5%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | 130% to Nov 2030 (4.8 yrs) |
| Announced | 02 Feb 2026 |