Liberty Oilfield Services Announces Pricing of Offering of Class A Common Stock by Riverstone

February 10, 2021

Willkie represented the selling stockholders, R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P., funds affiliated with Riverstone Holdings, LLC, in their sale of 8,700,000 shares of Class A common stock of Liberty Oilfield Services.

On February 8, Liberty Oilfield Services Inc. (NYSE: LBRT) announced the pricing of an underwritten public offering of an aggregate of 8,700,000 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. at $11.45 per share, or approximately $100 million. Closing is scheduled for February 10, subject to customary closing conditions.

In addition, the selling stockholders have granted the underwriter a 30-day option to purchase up to an additional 1,305,000 shares of Class A common stock. Morgan Stanley is acting as the underwriter for the offering.

Headquartered in Denver, 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.

The transaction was handled by partner Jeffrey Hochman and associate Amanda Burke.