Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Distribution Solutions Group, Inc. completed an acquisition involving HIS Company, Inc. Employee Stock Ownership Trust for $269,100,000, subject to certain adjustments, and an earn-out payment (closed 2023-06-08).
- Action
- acquisition
- Counterparty
- HIS Company, Inc. Employee Stock Ownership Trust
- Consideration
- $269,100,000, subject to certain adjustments, and an earn-out payment
- Closing
- 2023-06-08
Exact text from the filing
On the Closing Date, the Transaction was consummated. In accordance with the Purchase Agreement, the Company acquired all of the Shares, on a cash-free, debt-free basis, for an aggregate purchase price equal to (1) $269,100,000, subject to certain adjustments set forth in the Purchase Agreement and (2) an earn-out payment (the “ Earn-Out Payment ”) payable pursuant to the terms of the Purchase Agreement.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Distribution Solutions Group, Inc. amended First Amendment to Amended and Restated Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent valued at $305 million Incremental Term Loan (effective 2023-06-08).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent
- Value
- $305 million Incremental Term Loan
- Effective
- 2023-06-08
Exact text from the filing
On June 8, 2023 (the “ Closing Date ”), the Company and certain of its subsidiaries entered into the First Amendment to Amended and Restated Credit Agreement (the “ First Amendment ”), dated as of June 8, 2023 (the “ First Amendment Effective Date ”), which amends that certain Amended and Restated Credit Agreement, dated as of April 1, 2022 (as amended by the First Amendment, the “ Amended and Restated Credit Agreement ”), by and among the Company, certain subsidiaries of the Company as borrowers or guarantors, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
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