KLX Energy Services to redeem USD 6.2 million of debt at par using rights offering proceeds
Bitget2026/09/25 20:01- KLX Energy Services expects to redeem USD 6.2 million of its Senior Secured Floating Rate Cash / PIK Notes due 2030 at par.
- Redemption to include accrued and unpaid interest, funded from gross Rights Offering proceeds of USD 37.2 million.
- Backstop Exchange to cut the 2030 Notes principal by USD 94 million through redemptions and note-for-stock exchanges priced at USD 1.49.
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