The company also plans to give initial buyers an option to purchase up to an additional $50.0 million in notes within 13 days starting from the issue date.
These notes will be unsecured senior obligations of Liberty, with interest paid twice a year on March 1 and September 1, starting September 1, 2026, to holders recorded on February 15 and August 15 respectively.
The notes will mature on March 1, 2032, unless they are converted, redeemed, or repurchased earlier. Liberty may redeem the notes for cash at its discretion between March 1, 2029, and just before December 1, 2031.
Redemption can occur if the Class A Common Stock price has been at least 130 percent of the conversion price for 20 trading days within any 30 consecutive trading day period before the redemption notice.
The redemption price will be 100 percent of the principal plus accrued interest up to the redemption date.
During intraday trading, Liberty Energy Inc. (NYSE: LBRT) shares fell 5.89 percent to $27.95, down $1.75 from the previous close of $29.70, with 2.84 million shares traded.
 plans to issue $450 million in convertible senior notes due in 2032.){kind=link}