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KLX Energy Services Holdings, Inc. -- Moody's rates KLX Energy Services Holdings' secured notes B3

Moody's Investors Service (Moody's) assigned first-time ratings to KLX Energy Services Holdings, Inc. (KLXE), including a B3 Corporate Family Rating (CFR), a B3-PD Probability of Default Rating (PDR) and a B3 rating to its proposed $250 million of senior secured notes due 2025. Moody's also assigned KLXE a Speculative Grade Liquidity (SGL) rating of SGL-1.