DXP refinances debt, adds $205M incremental term loan, totals $848M at SOFR+3.25%

DXP ENTERPRISES INC

Entered Term Loan Amendment on Dec 16, 2025; $205M incremental term loan brings total borrowings to $848M.
Reduced applicable margin by 50 bps; estimated $3.2M annual interest savings; maturity Oct 13, 2030.
Proceeds for general corporate purposes, potential acquisitions, and transaction fees; $285M cash on balance sheet at close.
Pro forma net debt to EBITDA at 2.8:1; sales grew from $1.0B to $1.96B, EBITDA from $64.9M to >$225M.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DXP ENTERPRISES INC incurred term loan of $205 million with Goldman Sachs Bank USA at Term SOFR (with a floor of 1.00%) plus 3.25%, or base rate plus 2.25% maturing October 13, 2030.

Instrument: term loan
Principal: $205 million
Counterparty: Goldman Sachs Bank USA
Rate: Term SOFR (with a floor of 1.00%) plus 3.25%, or base rate plus 2.25%
Maturity: October 13, 2030
Event: incurrence

Exact text from the filing

Amendment, the “Term Loan Agreement”). The Term Loan Amendment provides for, among other things, (i) adjustments to certain financial ratio covenant compliance dates and (ii) $205 million in new incremental term loan commitments (the “2025 Incremental Term Loans”) under the Term Loan Agreement, such that after giving effect to the Term Loan Amendment, including

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Source: SEC EDGAR

accession 0001628280-25-058553

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