KLX Energy Services Holdings, Inc. Closes on New $232 Million Senior Secured Notes and $125 Million ABL Credit Facility
KLX Energy Services Holdings (KLXE) has successfully completed a significant refinancing operation, closing on $232 million senior secured notes due March 2030, accompanied by warrants for company common stock purchase. Additionally, the company has secured a new ABL credit facility due March 2028 with a $125 million commitment, including a first-in-last-out facility with a $10 million commitment and a committed incremental loan option of $25 million. This refinancing package replaces the company's existing 2025 senior secured notes.
KLX Energy Services Holdings (KLXE) ha completato con successo un'importante operazione di rifinanziamento, chiudendo su note senior garantite da $232 milioni con scadenza a marzo 2030, accompagnate da warrant per l'acquisto di azioni ordinarie della società. Inoltre, l'azienda ha assicurato un nuovo finanziamento ABL con scadenza a marzo 2028 con un impegno di $125 milioni, che include una struttura first-in-last-out con un impegno di $10 milioni e un'opzione di prestito incrementale impegnato di $25 milioni. Questo pacchetto di rifinanziamento sostituisce le note senior garantite esistenti del 2025.
KLX Energy Services Holdings (KLXE) ha completado con éxito una operación de refinanciamiento significativa, cerrando en notas senior garantizadas de $232 millones con vencimiento en marzo de 2030, acompañadas de warrants para la compra de acciones comunes de la compañía. Además, la empresa ha asegurado una nueva facilidad de crédito ABL con vencimiento en marzo de 2028 con un compromiso de $125 millones, incluyendo una facilidad first-in-last-out con un compromiso de $10 millones y una opción de préstamo incremental comprometido de $25 millones. Este paquete de refinanciamiento reemplaza las notas senior garantizadas existentes de 2025.
KLX 에너지 서비스 홀딩스 (KLXE)는 2030년 3월 만기인 2억 3200만 달러의 선순위 담보 노트에 대한 중요한 재융자 작업을 성공적으로 완료하였으며, 회사의 보통주 매입을 위한 워런트도 포함되어 있습니다. 또한, 회사는 2028년 3월 만기인 새로운 ABL 신용 시설을 확보하였으며, 1억 2500만 달러의 약정을 포함하고 있습니다. 여기에는 1000만 달러의 약정을 가진 first-in-last-out 시설과 2500만 달러의 약정된 증분 대출 옵션이 포함됩니다. 이 재융자 패키지는 회사의 기존 2025년 선순위 담보 노트를 대체합니다.
KLX Energy Services Holdings (KLXE) a réussi à réaliser une opération de refinancement significative, en fermant sur des obligations senior sécurisées de 232 millions de dollars arrivant à échéance en mars 2030, accompagnées de bons de souscription pour l'achat d'actions ordinaires de la société. De plus, l'entreprise a sécurisé une nouvelle facilité de crédit ABL arrivant à échéance en mars 2028 avec un engagement de 125 millions de dollars, y compris une facilité first-in-last-out avec un engagement de 10 millions de dollars et une option de prêt supplémentaire engagée de 25 millions de dollars. Ce paquet de refinancement remplace les obligations senior sécurisées existantes de 2025.
KLX Energy Services Holdings (KLXE) hat erfolgreich eine bedeutende Refinanzierungsoperation abgeschlossen und schloss 232 Millionen Dollar an senior gesicherten Anleihen mit Fälligkeit im März 2030, begleitet von Warrants zum Kauf von Stammaktien des Unternehmens. Darüber hinaus hat das Unternehmen eine neue ABL-Kreditfazilität mit Fälligkeit im März 2028 gesichert, die ein Verpflichtung von 125 Millionen Dollar umfasst, einschließlich einer First-in-Last-out-Fazilität mit einer Verpflichtung von 10 Millionen Dollar und einer verpflichteten zusätzlichen Kreditoption von 25 Millionen Dollar. Dieses Refinanzierungspaket ersetzt die bestehenden 2025 senior gesicherten Anleihen des Unternehmens.
- Successful refinancing extends debt maturity from 2025 to 2030 for senior notes
- Secured substantial $125 million ABL credit facility through 2028
- Additional financial flexibility with $35 million in supplementary facilities
- Potential shareholder dilution due to issuance of warrants with senior notes
About KLX Energy Services Holdings, Inc.
KLX is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of the active major basins throughout
Contacts: | KLX Energy Services |
Keefer M. Lehner, EVP & CFO | |
(832) 930-8066 | |
Dennard Lascar Investor Relations | |
Ken Dennard / Zach Vaughan | |
(713) 529-6600 | |
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SOURCE KLX Energy Services Holdings, Inc.
FAQ
What is the total value of KLXE's new refinancing package announced in March 2025?
When do KLXE's new senior secured notes mature?
What is the size of KLXE's new ABL credit facility and when does it mature?
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