24/7 Market News Snapshot 07 March, 2025 – KLX Energy Services Holdings, Inc. Common Stock (NASDAQ:KLXE)

March 7, 2025

DENVER, Colo., 07 March, 2025 (247marketnews.com) – (NASDAQ:KLXE) are discussed in this article.
KLX Energy Services Holdings, Inc. has shown impressive momentum, with its stock opening at $4.10 and rising to $4.50, reflecting a notable 9.25% gain. This upward movement follows a previous session close of $4.12 and is accompanied by a trading volume of 553.87K, indicating increased market engagement and a potential bullish sentiment among investors. Key resistance levels to monitor for further gains include the recent high, while support appears to be stabilized around the $4.10 threshold. Overall, KLXE is experiencing a strong upward trajectory supported by positive investor interest and favorable market trends.

In parallel to the stock performance, KLX has announced a significant refinancing initiative designed to enhance its financial standing and operational flexibility. The Company is set to issue approximately $232 million in new senior secured notes, maturing in March 2030, which will replace existing 2025 senior secured notes, marking a strategic shift in its long-term financial outlook. Complementing this refinancing effort, KLX has entered into a new Asset-Based Lending (ABL) credit facility valued at $125 million, featuring a first-in-last-out facility and an option for an additional $25 million in incremental loans. The completion of these transactions is expected around March 11, 2025, contingent on meeting certain closing conditions.

Chris Baker, President and CEO of KLX, reflected on the Company’s robust year-end results, highlighting its resilience amid challenging market conditions. The strong fourth-quarter Adjusted EBITDA margin exceeds expectations, reinforcing KLX’s dedication to cost management. Furthermore, KLX plans to provide a detailed update during an upcoming conference call on March 14, 2025, where insights on both the refinancing and fourth-quarter performance will be discussed. The CFO, Keefer Lehner, emphasized the benefits of this refinancing in extending debt maturities and improving liquidity, positioning KLX for sustainable growth and enhanced shareholder value in the future.

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