Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

LIBERTY OILFIELD SERVICES INC.

(LBRT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

LIBERTY OILFIELD SERVICES INC. : Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits (form 8-K)

06/10/2021 | 05:22pm EDT

Item 1.01 Entry Into a Material Definitive Agreement.

On June 7, 2021, Liberty Oilfield Services Inc. (the "Company"), R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P. (together, "Riverstone") and Morgan Stanley & Co. LLC (the "Underwriter"), entered into an underwriting agreement (the "Underwriting Agreement"), pursuant to which Riverstone agreed to sell to the Underwriter, and the Underwriter agreed to purchase from Riverstone, subject to and upon the terms and conditions set forth therein, an aggregate of 12,299,996 shares of Class A common stock, par value $0.01 per share (the "Class A Common Stock"), of the Company (the "Offering"). The Offering closed on June 10, 2021. Upon closing of the Offering, Riverstone exited its investment in the Company. The Company will not receive any proceeds from the sale of shares of Class A Common Stock in the Offering. The Underwriting Agreement contains customary representations, warranties and agreements of the Company and Riverstone and other customary obligations of the parties and termination provisions.

A copy of the Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated by reference herein. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to such Exhibit.

Item 8.01. Other Events.

On June 7, 2021, the Company issued a press release announcing the launching of the Offering. A copy of the press release is attached hereto as Exhibit 99.1.

On June 8, 2021, the Company issued a press release announcing the pricing of the Offering. A copy of the press release is attached hereto as Exhibit 99.2.

Item 9.01. Financial Statements and Exhibits.



(d)  Exhibits



Exhibit
  No.                                    Description

 1.1          Underwriting Agreement, dated June 7, 2021, by and among Liberty
            Oilfield Services Inc., R/C Energy IV Direct Partnership, L.P., R/C IV
            Liberty Holdings, L.P. and Morgan Stanley & Co. LLC.

 5.1          Opinion of Vinson & Elkins L.L.P.

23.2          Consent of Vinson & Elkins L.L.P. (included as part of Exhibit 5.1
            hereto).

99.1          Press Release Regarding Launch of Offering of Class A Common Stock
            of Liberty Oilfield Services Inc. dated June 7, 2021.

99.2          Press Release Regarding Pricing of Offering of Class A Common Stock
            of Liberty Oilfield Services Inc. dated June 8, 2021.

104         Cover Page Interactive Data File (embedded within the Inline XRBL
            document).




                                       2

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

All news about LIBERTY OILFIELD SERVICES INC.
06/21SECTOR UPDATE : Energy Stocks, Propelled by Crude Oil Gains, Riding Monday Surge
MT
06/21EOG, US Shale Stocks Rally After Iran Hardliner Wins Presidency Amid Stalled ..
MT
06/21SECTOR UPDATE : Energy Stocks, Crude Oil Surging Monday
MT
06/21LIBERTY OILFIELD SERVICESá : BofA Securities Upgrades Liberty Oilfield Services ..
MT
06/17LIBERTY OILFIELD SERVICES INC.á : Regulation FD Disclosure (form 8-K)
AQ
06/16LIBERTY OILFIELD SERVICESá : APPOINTS AUDREY ROBERTSON TO ITS BOARD OF DIRECTORS..
PU
06/16LIBERTY OILFIELD SERVICES INC.á : Change in Directors or Principal Officers (for..
AQ
06/15LIBERTY OILFIELD SERVICES INC.á : Appoints Audrey Robertson to Its Board of Dire..
BU
06/10LIBERTY OILFIELD SERVICESá : Announces Offering of Class A Common Stock by River..
PU
06/10LIBERTY OILFIELD SERVICES INC.á : Entry into a Material Definitive Agreement, Ot..
AQ
More news