secwatch.observer — SEC 8-K summary
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Issuer:     KLX Energy Services Holdings, Inc. (KLXE)
CIK:        0001738827
Form:       8-K
Filed at:   2026-06-02T21:14:16+00:00
Accession:  0001738827-26-000023
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KLX Energy acquires Wolfpack assets for $17M; also exchanges $2.19M notes for equity
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- Purchase price $17M: $14M cash at closing plus two $1.5M deferred payments (cash or KLX stock).
- Wolfpack 2025 revenue $38.2M, Adjusted EBITDA $5.8M; deal immediately accretive with $2M+ expected annual synergies.
- Acquired ~350 accommodations trailers, 14 proprietary water filtration systems with exclusive IP rights.
- Debt-for-equity exchanges: $2.19M principal of 2030 Notes exchanged for 627,521 shares; ~$252.5M Notes remain outstanding.
- Acquisition funded via capital lease, ABL borrowings, and cash on hand; Stewart Cooper to join KLX for integration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738827/000173882726000023/0001738827-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738827/000173882726000023/klxe-20260602.htm
  HTML page:      https://secwatch.observer/filing/0001738827-26-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer