{"schema_version":"secwatch.filing_event.v1","accession":"0001020710-23-000095","form_type":"8-K","ticker":"DXPE","cik":"0001020710","company_name":"DXP ENTERPRISES INC","filed_at":"2023-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.901683+00:00","generated_at":"2026-06-09T22:21:06.995297+00:00","sec_items":["2.03","1.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"DXP refinances $550M term loan, raises incremental $125M at SOFR+4.75%, maturity 2030","bullets":["Refinanced existing $425M TLB plus raised incremental $125M for total $550M; holds $107M cash on balance sheet.","New TLB priced at SOFR+4.75% (margin reduced 50 bps), matures October 2030; secured leverage covenant 5.75:1 to 4.75:1.","Pro forma net debt to EBITDA 2.65:1; covenant EBITDA grew from $64.9M (2020) to >$161.9M (Q2 2023).","Proceeds to repay existing TLB, fund acquisitions, general corporate purposes and transaction fees."],"urls":{"canonical":"https://secwatch.observer/filing/0001020710-23-000095","json":"https://secwatch.observer/filing/0001020710-23-000095.json","markdown":"https://secwatch.observer/filing/0001020710-23-000095.md","text":"https://secwatch.observer/filing/0001020710-23-000095.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1020710/000102071023000095/0001020710-23-000095-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1020710/000102071023000095/dxpe-20231016.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T22:21:06.995297+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b48afed00def8814d6279e97949aa51250875ef5","claim":"DXP ENTERPRISES INC incurred term loan of $550.0 million with Goldman Sachs Bank USA at Term SOFR (with a floor of 1.00%) plus 4.75% maturing October 13, 2030.","evidence_excerpt":"The Term Loan Amendment provides for a $550.0 million term loan (the \"Term Loan Facility\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1020710/000102071023000095/0001020710-23-000095-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$550.0 million"},{"label":"Counterparty","value":"Goldman Sachs Bank USA"},{"label":"Rate","value":"Term SOFR (with a floor of 1.00%) plus 4.75%"},{"label":"Maturity","value":"October 13, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}