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KLX Energy Services to redeem USD 6.2 million debt at par with accrued interest

PUBT·09/30/2026 21:15:36
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KLX Energy Services to redeem USD 6.2 million debt at par with accrued interest
  • KLX Energy Services completed its subscription rights offering, raising USD 37.2 million from issuing 24,975,001 common shares at USD 1.49.
  • Proceeds include USD 6.2 million earmarked to redeem its Senior Secured Floating Rate Cash / PIK Notes due 2030 at par.
  • Backstop Exchange will cut outstanding 2030 Notes principal by USD 94 million through note redemptions, note-for-stock exchanges.
  • Backstop Parties will receive 59,273,445 common shares in exchange for 2030 Notes at 100% of principal amount.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KLX Energy Services Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001738827-26-000058), on September 30, 2026, and is solely responsible for the information contained therein.