---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-052936"
form_type: "8-K"
ticker: "KLXE"
cik: "0001738827"
company_name: "KLX Energy Services Holdings, Inc."
filed_at: "2025-03-12T23:59:59+00:00"
generated_at: "2026-05-24T22:37:28.247490+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KLX closes $232M senior secured notes due 2030, $125M ABL; redeems 2025 notes

## Summary
- Issued $232M new Senior Secured Floating Rate Cash/PIK Notes due March 2030, plus warrants for 2.37M shares at $0.01.
- Closed new $125M ABL credit facility due 2028, with $10M FILO and $25M incremental loan option.
- Used proceeds to redeem existing 11.500% senior secured notes due 2025; deposited $97.1M with trustee.
- Terminated prior JPM ABL facility, prepaying ~$50.2M, and provided $8.1M cash collateral for letters of credit.
- New notes secured by first-priority lien on assets; covenants include total net leverage ratio and capex limits.

## SEC filing metadata
- accession: 0001193125-25-052936
- form_type: 8-K
- ticker: KLXE
- cik: 0001738827
- company_name: KLX Energy Services Holdings, Inc.
- filed_at: 2025-03-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1738827/000119312525052936/0001193125-25-052936-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1738827/000119312525052936/d936400d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-052936
- JSON: https://secwatch.observer/filing/0001193125-25-052936.json
- Plain text: https://secwatch.observer/filing/0001193125-25-052936.txt

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