KLX Energy Services Holdings, Inc. Enters Into New Credit Agreement to Refinance Existing Senior Secured Notes Due 2025
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KLX Energy Services Holdings, Inc. has refinanced its existing 2025 senior secured notes by issuing $232 million in new notes due March 2030. Additionally, KLX has secured a new $125 million ABL credit facility due March 2028.
March 07, 2025 | 2:30 pm
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KLX Energy Services Holdings, Inc. has refinanced its 2025 senior secured notes with $232 million in new notes due 2030 and secured a $125 million ABL credit facility. This move improves the company's debt structure and liquidity.
The refinancing of existing notes and securing a new credit facility improves KLX's debt maturity profile and liquidity, which is positive for the company's financial health and could lead to a favorable short-term stock price impact.
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