KLX Inc. Announces Notice of Redemption For All of Its 5.875% Senior Notes Due 2022
October 09 2018 - 3:35PM
KLX Inc. (“KLX” or the “Company”) announced today that, in
connection with the acquisition of KLX by The Boeing Company
(“Boeing”) that was completed today, KLX satisfied and discharged
the Indenture, dated as of December 8, 2014, as amended, governing
the Company’s 5.875% Senior Notes due 2022 (the “Notes”) and called
for redemption $1,200,000,000 aggregate principal amount of the
Notes (which constitutes all outstanding Notes). The Notes
will be redeemed on December 1, 2018 at a redemption price of
102.938% of the principal amount of the Notes plus accrued and
unpaid interest to, but excluding, the redemption date. On
October 9, 2018, Boeing placed $1,270,506,000 in trust with
Wilmington Trust, National Association, the Notes trustee, for
purposes of funding the redemption.
CONTACT:Chaz BickersBoeing
Communications+1 312-544-2002charles.n.bickers@boeing.com
KLX Inc. (NASDAQ:KLXI)
Historical Stock Chart
From Jun 2024 to Jul 2024
KLX Inc. (NASDAQ:KLXI)
Historical Stock Chart
From Jul 2023 to Jul 2024