Liberty Oilfield Services Inc. Announces Pricing of Secondary Public Offering of Class A Common Stock

July 11, 2019

Willkie represented the selling stockholders, R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P., affiliates of Riverstone Holdings LLC, in their sale of 8,000,000 shares of Liberty Class A common stock.

On July 8, Liberty Oilfield Services Inc. (NYSE: LBRT) announced the pricing of an underwritten public offering of an aggregate of 8,000,000 shares of its Class A common stock by Willkie clients R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P., which are affiliates of Riverstone Holdings LLC.

Barclays Capital, the underwriter for the offering, purchased the shares from the selling stockholders for approximately $117 million. The underwriter intends 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 closed on July 11, 2019.

Liberty is an independent provider of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America.

The deal was handled by partners Jeffrey Hochman and Bruce Herzog and associate Adam Szklanny.