secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0001193125-25-070858
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312525070858/0001193125-25-070858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312525070858/d906948d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-070858

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