KLX Energy Services completed a rights offering raising $37.2 million by issuing nearly 25 million shares at $1.49 each. The proceeds will mainly support general corporate purposes and redeem $6.2 million of 2030 Notes debt. Additionally, a backstop agreement with noteholders will reduce outstanding debt by $94 million through note exchanges for shares. This financial move strengthens KLX's balance sheet and prepares it for future operations, with share distribution expected by September 29, 2026.
KLX Energy Services' recent financial moves provide context for the energy sector's performance on Pluang as of Sep 26, 2026 02:11 WIB. Of 38 priced energy-sector US stocks, 13 rose and 25 fell today. Notable movers include Devon Energy Corp (DVN) at USD 47.21 with a 3.46% decline and 80% buy order activity, Solaredge Technologies Inc (SEDG) at USD 32.79 with a 2.76% gain, and First Solar, Inc. (FSLR) at USD 176.89 with a 2.75% increase. The most notable figure is Devon Energy Corp's 80% buy order activity on Pluang.
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