---
schema_version: "secwatch.filing_event.v1"
accession: "0001020710-24-000084"
form_type: "8-K"
ticker: "DXPE"
cik: "0001020710"
company_name: "DXP ENTERPRISES INC"
filed_at: "2024-10-09T23:59:59+00:00"
generated_at: "2026-05-30T17:05:19.513936+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DXP adds $105M term loan, cuts margin 100 bps, total borrowings $649.5M

## Summary
- Incremental $105M term loan brings total outstanding to $649.5M; matures Oct 13, 2030.
- Priced at Term SOFR + 3.75%; refinancing reduces applicable margin by 100 bps, saving ~$6M/year in interest.
- Proceeds for acquisitions, general corporate purposes, and transaction fees; balance sheet cash $110M at close.
- Covenant compliance adjusted EBITDA $187.6M (LTM Jun 2024); pro forma net debt to EBITDA 2.75:1.

## SEC filing metadata
- accession: 0001020710-24-000084
- form_type: 8-K
- ticker: DXPE
- cik: 0001020710
- company_name: DXP ENTERPRISES INC
- filed_at: 2024-10-09T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1020710/000102071024000084/0001020710-24-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1020710/000102071024000084/dxpe-20241003.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001020710-24-000084
- JSON: https://secwatch.observer/filing/0001020710-24-000084.json
- Plain text: https://secwatch.observer/filing/0001020710-24-000084.txt

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