---
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"
generated_at: "2026-10-12T14:10:25.019357+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# KLX Energy closes rights offering raising $37.2M, cuts 2030 Notes by $94M; shares outstanding 105.7M

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001738827-26-000058
- JSON: https://secwatch.observer/filing/0001738827-26-000058.json
- Plain text: https://secwatch.observer/filing/0001738827-26-000058.txt

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