secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0001193125-24-202196
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DSG closes Source Atlantic acquisition; credit line expanded to $1.06B
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- Acquisition of Source Atlantic Limited closed August 14, 2024; funded by senior secured credit facility.
- Total borrowing capacity under amended credit agreement increased from $805M to $1.06B.
- Revolving commitments rose from $200M to $255M; $200M incremental term loan issued.
- Loans mature April 1, 2027; mandatory quarterly principal payments of $2.5M begin Q4 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312524202196/0001193125-24-202196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312524202196/d885541d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-202196

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