---
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"
generated_at: "2026-05-16T12:22:55.612932+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-058553
- JSON: https://secwatch.observer/filing/0001628280-25-058553.json
- Plain text: https://secwatch.observer/filing/0001628280-25-058553.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1020710/000162828025058553/0001628280-25-058553-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.