---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-342539"
form_type: "8-K"
ticker: "KLXE"
cik: "0001738827"
company_name: "KLX Energy Services Holdings, Inc."
filed_at: "2026-08-10T20:38:35+00:00"
generated_at: "2026-08-10T20:40:18.983157+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KLX Energy announces $125M rights offering, $94M backstopped by 2030 noteholders to cut leverage

## Summary
- $125M rights offering at $1.49/share; record date Aug 21, 2026, expire Sep 23; rights trade as KLXER.
- Backstop parties commit $94M via exchange of 2030 notes at 100% principal plus accrued interest for common stock.
- Net cash proceeds up to $31M for general corporate; excess used to repurchase 2030 notes at par.
- Amended indenture resets leverage covenant to 4.50x step-down, relaxes incurrence test to 3.00x, cuts make-whole premium to 101%.
- Each right buys 3.885 shares; over-subscription capped at 9.995% beneficial ownership.

## SEC filing metadata
- accession: 0001193125-26-342539
- form_type: 8-K
- ticker: KLXE
- cik: 0001738827
- company_name: KLX Energy Services Holdings, Inc.
- filed_at: 2026-08-10T20:38:35+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1738827/000119312526342539/0001193125-26-342539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1738827/000119312526342539/d286592d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-342539
- JSON: https://secwatch.observer/filing/0001193125-26-342539.json
- Plain text: https://secwatch.observer/filing/0001193125-26-342539.txt

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