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KLX Inc. Announces Notice of Redemption For All of Its 5.875% Senior Notes Due 2022

October 9, 2018

WELLINGTON, Fla., Oct. 09, 2018 (GLOBE NEWSWIRE) -- 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+1 312-544-2002 charles.n.bickers@boeing.com

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