KLX Energy Services launches USD 125 million transferable share rights offering at USD 1.49 per share
Reuters2026/08/10 20:41- KLX Energy Services launched a USD 125 million transferable rights offering to buy common stock at USD 1.49 per share.
- Holders on Aug. 21 receive one right per share; each right buys 3 shares, with fractional shares rounded down.
- Rights expected to trade on Nasdaq under “KLXER”; offering set to run Aug. 24 through Sept. 23.
- Offering backstopped up to USD 94 million by holders of Senior Secured Floating Rate Cash / PIK Notes due 2030 via note-for-equity exchange.
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