secwatch.observer — SEC 8-K summary
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Issuer:     DXP ENTERPRISES INC (DXPE)
CIK:        0001020710
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001020710-22-000082
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DXP Enterprises enters $135M ABL credit facility maturing 2027, up to $50M accordion
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- ABL facility provides $125M US and $10M Canadian revolving loans, maturing July 19, 2027.
- Facility may be increased by up to $50M in $10M increments subject to conditions.
- Interest at Term SOFR/CDOR + 1.25%-1.75% or base rate + 0.25%-0.75% based on availability.
- Fixed charge coverage ratio covenant triggers if availability falls below threshold.
- Obligations guaranteed by material US subsidiaries; secured by substantially all assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020710/000102071022000082/0001020710-22-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020710/000102071022000082/dxpe-20220719.htm
  HTML page:      https://secwatch.observer/filing/0001020710-22-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer