---
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"
generated_at: "2026-06-09T22:21:06.995297+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DXP refinances $550M term loan, raises incremental $125M at SOFR+4.75%, maturity 2030

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001020710-23-000095
- JSON: https://secwatch.observer/filing/0001020710-23-000095.json
- Plain text: https://secwatch.observer/filing/0001020710-23-000095.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $550.0 million
  - Counterparty: Goldman Sachs Bank USA
  - Rate: Term SOFR (with a floor of 1.00%) plus 4.75%
  - Maturity: October 13, 2030
  - Event: incurrence
  source text: The Term Loan Amendment provides for a $550.0 million term loan (the "Term Loan Facility")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1020710/000102071023000095/0001020710-23-000095-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.