{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-058553","form_type":"8-K","ticker":"DXPE","cik":"0001020710","company_name":"DXP ENTERPRISES INC","filed_at":"2025-12-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.559182+00:00","generated_at":"2026-05-16T12:22:55.612932+00:00","sec_items":["2.03","1.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"DXP refinances debt, adds $205M incremental term loan, totals $848M at SOFR+3.25%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-058553","json":"https://secwatch.observer/filing/0001628280-25-058553.json","markdown":"https://secwatch.observer/filing/0001628280-25-058553.md","text":"https://secwatch.observer/filing/0001628280-25-058553.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1020710/000162828025058553/0001628280-25-058553-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1020710/000162828025058553/dxpe-20251216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:22:55.612932+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"592738b412429b523983f9facb733415d0cc0bd7","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1020710/000162828025058553/0001628280-25-058553-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$205 million"},{"label":"Counterparty","value":"Goldman Sachs Bank USA"},{"label":"Rate","value":"Term SOFR (with a floor of 1.00%) plus 3.25%, or base rate plus 2.25%"},{"label":"Maturity","value":"October 13, 2030"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}