Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
KLX Energy Services Holdings, Inc. incurred credit facility of Revolving Facility with a $125.0 million commitment, a FILO Facility with a $10.0 million commitment, and a committed In with Eclipse Business Capital LLC, as administrative agent, as collateral agent and as FILO administrative agent and the lenders party thereto at Borrowings under the Revolving Facility bear interest at a rate equal to adjuste.
- Instrument
- credit facility
- Principal
- Revolving Facility with a $125.0 million commitment, a FILO Facility with a $10.0 million commitment, and a committed In
- Counterparty
- Eclipse Business Capital LLC, as administrative agent, as collateral agent and as FILO administrative agent and the lenders party thereto
- Rate
- Borrowings under the Revolving Facility bear interest at a rate equal to adjuste
- Event
- incurrence
Exact text from the filing
agent, as collateral agent and as FILO administrative agent and the lenders party thereto. The New ABL Facility is comprised of an asset-based revolving credit facility with a $125.0 million commitment (the “Revolving Facility”), a first-in-last-out asset-based credit facility with a $10.0 million commitment (the “FILO Facility”), and a committed incremental loan
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
KLX Energy Services Holdings, Inc. incurred senior notes of approximately $232 million in aggregate principal amount of Senior Secured Floating Rate Cash / PIK Notes due 2030 with certain holders (the "Investors") of its existing 11.500% senior secured notes due 2025 at floating rate of interest of Term SOFR plus the Applicable Margin based on the S maturing March 2030.
- Instrument
- senior notes
- Principal
- approximately $232 million in aggregate principal amount of Senior Secured Floating Rate Cash / PIK Notes due 2030
- Counterparty
- certain holders (the "Investors") of its existing 11.500% senior secured notes due 2025
- Rate
- floating rate of interest of Term SOFR plus the Applicable Margin based on the S
- Maturity
- March 2030
- Event
- incurrence
Exact text from the filing
On March 7, 2025, KLX Energy Services Holdings, Inc. (the “Company”) and certain of its subsidiaries party thereto entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with certain holders (the “Investors”) of its existing 11.500% senior secured notes due 2025 (the “Existing Notes”), pursuant to which the Company has agreed to issue and sell to the Investors (a) approximately $232 million in aggregate principal amount of Senior Secured Floating Rate Cash / PIK Notes due 2030 (the “New Notes”)
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