KLX Energy Services Announces Completion of Subscription Rights Offering

KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) ("KLX" or the "Company") announced today that, on September 29, 2026, it completed its previously announced subscription rights offering (the "Rights Offering"), which expired at 5:00 p.m., New York City time, on September 23, 2026, and closed the Backstop Exchange (as defined below). Pursuant to the terms of the Rights Offering, 24,975,001 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), were purchased pursua