{"schema_version":"secwatch.filing_event.v1","accession":"0001738827-26-000058","form_type":"8-K","ticker":"KLXE","cik":"0001738827","company_name":"KLX Energy Services Holdings, Inc.","filed_at":"2026-09-30T21:14:52+00:00","discovered_at":"2026-09-30T21:16:00.259561+00:00","generated_at":"2026-10-12T14:10:25.019357+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.72,"calibrated_materiality_score":0.72,"confidence":"high","headline":"KLX Energy closes rights offering raising $37.2M, cuts 2030 Notes by $94M; shares outstanding 105.7M","bullets":["Rights offering: 24,975,001 shares purchased at $1.49/share for $37.2M gross; $31.0M to general corporate purposes, $6.2M to redeem 2030 Notes at par.","Backstop Exchange: 59,273,445 shares issued to 2030 Notes holders at $1.49/share; 2030 Notes principal reduced $94.0M via par redemptions and exchange.","Pro forma shares outstanding 105,677,168, versus roughly 21.4M before the deal, a roughly fivefold increase in share count.","Amended indenture resets total net leverage covenant to 4.50x from Q3 2026, then 4.00x (Q2 2027), 3.50x (Q2 2028), 3.00x (Q2 2029); incurrence test eased to 3.00x.","Partial redemption notice issued Sept 30, 2026 for $6.2M of 2030 Notes on Oct 10, 2026; make-whole premium lowered from 102% to 101%."],"urls":{"canonical":"https://secwatch.observer/filing/0001738827-26-000058","json":"https://secwatch.observer/filing/0001738827-26-000058.json","markdown":"https://secwatch.observer/filing/0001738827-26-000058.md","text":"https://secwatch.observer/filing/0001738827-26-000058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1738827/000173882726000058/0001738827-26-000058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1738827/000173882726000058/klxe-20260929.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:10:25.019357+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}