White & Case advises KLX Energy noteholders on notes refinancing

Press Release
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1 min read

Global law firm White & Case LLP has advised the noteholders on KLX Energy Services Holdings' (NASDAQ: KLXE) successful refinancing of its 11.500% senior secured notes due 2025 with new senior secured floating rate cash / PIK notes due 2030.

The new notes were raised in part through an exchange of a portion of the 2025 notes and in part through new cash proceeds from investors, which proceeds will be used to redeem the remaining portion of the 2025 notes.

The White & Case team was led by Capital Markets partners Andrew Weisberg (New York) and Daniel Nussen (Los Angeles) and Debt Finance partner Christoffer Adler (Los Angeles), and included Capital Markets associate Brian Munsie (New York); and Debt Finance associates Chiara Eramo (New York) and Tanner Burnette (Los Angeles).

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