Key Energy Services, Inc.
Supplement to Prospectus dated February 6, 1998
Lehman Brothers Inc. as Selling Securityholder is hereby offering for resale
$1,665,000 aggregate principal amount of 5% Convertible Subordinated Notes due
2004 (the "Notes") of Key Energy Services, Inc., a Maryland Corporation (the
"Company"). The Notes are being offered by, and are being sold through, Lehman
Brothers Inc. at various prices; no commissions or discounts will be paid in
connection with such resales. The Company will not receive any of the proceeds
from the resale of the Notes offered hereby.
Lehman Brothers Inc. acted as co-manager in the Company's private placement of
the Notes in September, 1997 and as a lender and arranger under a Bridge Loan
Agreement dated as of September 14, 1998 by and among the Company, Lehman
Brothers Inc., as Arranger, Lehman Commercial Paper Inc., as Administrative
Agent, and certain other parties.
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The date of this Prospectus Supplement is January 14, 1999.
