KLX Energy Services issues conditional redemption notice for 11.5% Senior Secured Notes due 2025

KLX Energy Services Holdings, Inc.

Redemption date is March 30, 2025, conditional on obtaining new debt financing with sufficient net proceeds.
Redemption price is 100% of principal plus accrued and unpaid interest on all outstanding Notes.
Notes carry 11.500% interest rate; redemption indicates planned refinancing of costly debt.
Company must execute a debt financing transaction before the redemption date to proceed.

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