Liberty Energy Inc. 8-K

What Happened

• Liberty Energy Inc. filed an 8-K on February 3, 2026 announcing a First Amendment to its July 24, 2025 Credit Agreement (JPMorgan Chase Bank, N.A. as administrative agent).
• The amendment permits the company and its borrowing subsidiaries to incur new bridge loan debt (Permitted Bridge Indebtedness) of up to $600,000,000 and makes related changes to covenants and secured-lien rules.

Key Details

• Revolving Credit Facility: initial revolving commitments of $750.0 million (subject to borrowing base limits based on eligible accounts receivable and inventory) remain in place.
• Permitted Bridge Indebtedness: up to $600,000,000 may be incurred on or prior to June 30, 2026; each bridge loan must mature no later than 365 days after incurrence.
• Liens: the amendment, subject to limits and requirements, allows liens to secure the Permitted Bridge Indebtedness.
• Convertible debt basket: the permitted amount for convertible indebtedness was increased from $300,000,000 to $600,000,000.
• Revolver maturity acceleration: if any Permitted Bridge Indebtedness remains outstanding, the maturity date of the Revolving Credit Facility will be accelerated to a date 91 days prior to the stated maturity of that outstanding bridge indebtedness.
• Administrative agent/lenders: JPMorgan Chase Bank, N.A. serves as administrative agent, sole book runner and joint lead arranger; other lender relationships and services are disclosed.

Why It Matters

• This amendment gives Liberty Energy additional short-term financing flexibility by authorizing up to $600M of bridge loans and expanding the convertible-debt allowance, which can help manage liquidity or fund near-term needs.
• Allowing liens to secure bridge debt and the potential accelerated maturity of the revolver are material credit terms investors should note, as they affect collateral availability and the timing of repayable obligations.
• Investors should watch for any future draws on the bridge facility, related lien filings, or further amendments that would signal how the company plans to use the added capacity and any potential impact on leverage or refinancing needs.