Liberty Oilfield Services Inc. Announces Pricing of Offering of Class A Common Stock by Riverstone
June 08 2021 - 10:11AM
Business Wire
Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty”) announced
today the pricing of an underwritten public offering of an
aggregate of 12,299,996 shares of its Class A common stock by R/C
Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings,
L.P. (“Riverstone”), at $15.60 per share. Upon the closing of this
offering, Riverstone will have fully exited its investment in
Liberty. Liberty will not sell any shares of Class A common stock
in the offering and will not receive any proceeds therefrom.
Morgan Stanley is acting as the underwriter for the
offering.
The offering of these securities will be made only by means of a
prospectus supplement. Copies of the preliminary prospectus
supplement and accompanying base prospectus relating to the
offering, as well as copies of the final prospectus supplement once
available, may be obtained from Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014.
The offering is being made pursuant to an effective shelf
registration statement and prospectuses filed by Liberty with the
Securities and Exchange Commission (the “SEC”). This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer, solicitation or sale
would be unlawful without registration or qualification under the
securities laws of any such state or jurisdiction.
About Liberty
Liberty is a leading North American oilfield services firm that
offers one of the most innovative suites of completion services and
technologies to onshore oil and natural gas exploration and
production companies. Liberty was founded in 2011 with a relentless
focus on developing and delivering next generation technology for
the sustainable development of unconventional energy resources in
partnership with our customers. Liberty is headquartered in Denver,
Colorado.
Forward-Looking and Cautionary Statements
The information above includes “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical facts,
are forward-looking statements. These forward-looking statements
are identified by their use of terms and phrases such as “may,”
“expect,” “estimate,” “project,” “plan,” “believe,” “intend,”
“achievable,” “anticipate,” “will,” “continue,” “potential,”
“should,” “could,” and similar terms and phrases. Although we
believe that the expectations reflected in these forward-looking
statements are reasonable, they do involve certain assumptions,
risks and uncertainties. These forward-looking statements represent
our expectations or beliefs concerning future events, and it is
possible that the results described in this release will not be
achieved. These forward-looking statements are subject to certain
risks, uncertainties and assumptions identified above or as
disclosed from time to time in Liberty's filings with the SEC. As a
result of these factors, actual results may differ materially from
those indicated or implied by such forward-looking statements.
Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, we do not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise. New factors emerge from time to time, and it is not
possible for us to predict all such factors. When considering these
forward-looking statements, you should keep in mind the risk
factors and other cautionary statements in “Item 1A. Risk Factors”
included in our Annual Report on Form 10-K for the year ended
December 31, 2020, as filed with the SEC on February 24, 2021, and
in our other public filings with the SEC. These and other factors
could cause our actual results to differ materially from those
contained in any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210608005812/en/
Michael Stock Chief Financial Officer 303-515-2851
IR@libertyfrac.com
Liberty Energy (NYSE:LBRT)
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