---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-049126"
form_type: "8-K"
ticker: "KLXE"
cik: "0001738827"
company_name: "KLX Energy Services Holdings, Inc."
filed_at: "2025-03-07T23:59:59+00:00"
generated_at: "2026-05-25T03:51:41.538168+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KLX refinances ~$232M of 2025 notes with 2030 notes, preliminary Q4 Adj EBITDA margin above guidance

## Summary
- Issues ~$232M of 11.5% Senior Secured Floating Rate Cash/PIK Notes due 2030 and warrants for 2.37M shares at $0.01 exercise price.
- Exchange includes $78M cash and cancellation of $144M existing 2025 notes; closing expected March 11, 2025.
- Enters new $125M ABL facility (March 2028 maturity) with $10M FILO and $25M incremental loan commitment.
- Preliminary Q4 2024: revenue at midpoint of prior guidance, Adjusted EBITDA margin exceeds high-end of prior guidance.
- Q4/year-end conference call scheduled for March 14, 2025 at 9:30 AM ET.

## SEC filing metadata
- accession: 0001193125-25-049126
- form_type: 8-K
- ticker: KLXE
- cik: 0001738827
- company_name: KLX Energy Services Holdings, Inc.
- filed_at: 2025-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1738827/000119312525049126/0001193125-25-049126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1738827/000119312525049126/d889500d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-049126
- JSON: https://secwatch.observer/filing/0001193125-25-049126.json
- Plain text: https://secwatch.observer/filing/0001193125-25-049126.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738827/000119312525049126/0001193125-25-049126-index.htm
- Debt Financings
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738827/000119312525049126/0001193125-25-049126-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.