KLX Energy gains on debt refinancing plan

KLX Energy Services Holdings

07/03/2025 14:50

** Shares of oilfield services firm KLX Energy KLXE.O rise ~24% to $5.12

** KLXE says it is refinancing its existing debt by issuing new $232 mln senior secured notes due in 2030

** Co also getting a new $125 mln credit facility to help with its financial operations

** Co has ~16.8 mln outstanding shares, with market cap of ~$69.2 mln - LSEG data

** KLXE says refinancing will extend the co's debt maturity profile

** Stock fell 55% in 2024

 (Reporting by Kamal Choudhury in Bengaluru)

 ((Kamal.Choudhury@thomsonreuters.com;))