| Issuer / Guarantor | Liberty Energy Inc |
|---|---|
| Size | USD 475mn |
| Type | Convertible |
| Leads | Goldman Sachs, JP Morgan, Wells Fargo, BoA |
| Maturity | 01 Mar 2032 (5.9 years) |
| Coupon | 0% (0 - 0.5%) |
| Premium | 30% (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 2031 (5.7 yrs) |
| Announced | 25 Mar 2026 |