DSGR amends credit pact to raise annual restricted payment limit to $25M

Distribution Solutions Group, Inc.

Fourth Amendment increases permitted Restricted Payments from $10M to $25M per fiscal year, effective Jan 1, 2025.
Increased limit subject to no Default and compliance with Total Net Leverage Ratio (max 2.5x or 0.5x below covenant).
Amendment also includes a technical revision to Section 3.17 regarding margin stock restrictions.
Agreement involves Company, subsidiaries, lenders including JPMorgan Chase, Bank of America, Wells Fargo, and others.

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