StocksMedium•26 September 2026•
1 min read
KLX Energy Services Raises $37.2 Million via Rights Offering
Key Facts
1KLX Energy Services completed its rights offering, raising $37.2 million by issuing 24.97 million shares at $1.49 per share.
2The company plans to use $31.0 million for general corporate purposes and $6.2 million to redeem senior secured notes due 2030.
KLX Energy Services completed its rights offering, raising $37.2 million by issuing 24.97 million shares at $1.49 per share. Investing.com reported that the offering increased the company's total share count to approximately 105.7 million shares.
The company plans to use $31.0 million of the proceeds for general corporate purposes and $6.2 million to redeem senior secured notes due 2030. KLXE closed at $1.61 on September 25, 2026, having traded between a day low of $1.35 and a high of $1.63.