KLX Energy Services launches USD 125 million transferable share rights offering at USD 1.49 per share

KLXE•2026-08-10

Backstop support

The offering is backstopped for up to USD 94 million by holders of Senior Secured Floating Rate Cash / PIK Notes due 2030 via a note-for-equity exchange.

Rights offering terms

KLX Energy Services launched a USD 125 million transferable rights offering to buy common stock at USD 1.49 per share.

Holders on Aug. 21 receive one right per share; each right buys 3 shares, with fractional shares rounded down.

Trading and offering schedule

Rights are expected to trade on Nasdaq under “KLXER”. The offering is set to run from Aug. 24 through Sept. 23.

KLX Energy Services launches USD 125 million transferable share rights offering at USD 1.49 per share

Backstop support

Rights offering terms

Trading and offering schedule

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