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Stock impact report

KLX Energy Services Launches $250 Million Offering of Senior Notes

KLX Energy Services Holdings, Inc. (KLXE) 
Last klx energy services holdings, inc. earnings: 3/9 06:00 am Check Earnings Report
Company Research Source: GlobeNewswire
WELLINGTON, Fla., Oct. 22, 2018 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLX Energy Services” or the “Company”) (NASDAQ: KLXE), announced today its intention to commence a private offering of $250 million aggregate principal amount of senior secured notes due 2025 (the “Notes”). The Company intends to use a portion of the net proceeds from the offering to fund the cash portion of the previously announced acquisition of Motley Services, LLC (“Motley”), and to pay fees, costs and expenses related to the transaction. The balance of the proceeds will be used for general corporate purposes, including potential acquisitions. The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The Notes are being of Show less Read more
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