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Liberty Energy Announces 14.5M Share Offering By Schlumberger Technology Corporation Has Been Priced

Liberty Energy Inc., formerly known as Liberty Oilfield Services Inc. (NYSE:LBRT, &ldquo, Liberty&rdquo, or the &ldquo, Company&rdquo, )), announced today the pricing of the previously announced underwritten public

Benzinga · 04/29/2022 09:21

Liberty Energy Inc., formerly known as Liberty Oilfield Services Inc. (NYSE:LBRT, &ldquo, Liberty&rdquo, or the &ldquo, Company&rdquo, ))), announced today the pricing of the previously announced underwritten public secondary offering (the “Offering”) of an aggregate of 14,500,000 shares of its Class A common stock by Schlumberger Technology Corporation (the “Selling Stockholder”).

The underwriters intend to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The Offering is expected to close on May 3, 2022, subject to customary closing conditions. Liberty will not sell any shares of Class A common stock in the Offering and will not receive any proceeds therefrom.

BofA Securities and J.P. Morgan are acting as joint bookrunning managers for the Offering.