KLX Energy Services Stock Rises 10% On Debt Refinancing Announcement

(RTTNews) - KLX Energy Services Holdings, Inc. (KLXE) is trading at $4.56, up 10.67 percent or $0.44 during Friday, after announcing plans to refinance its existing 2025 senior secured notes.

The stock opened at $4.10 and has traded between $4.10 and $5.28 so far today, up from a previous close of $4.12. Current volume is 489,779 shares, surpassing the average volume of 162,938. The stock's 52-week range is $3.76 to $8.13.

The company will issue approximately $232 million in senior secured notes due March 2030 and has also secured a new ABL credit facility due March 2028 with a $125 million commitment. The refinancing is expected to close around March 11.