DXP Enterprises upsizes ABL revolver to $225M, extends maturity to 2031

DXP ENTERPRISES INC

ABL facility increased from $185M to $225M; maturity extended to July 2, 2031.
Interest rate: Term SOFR/CORRA + 1.25%-1.75% or base rate + 0.25%-0.75%.
Facility can be further increased by up to $50M in $10M increments.
CEO cites support for organic and acquisition growth; CFO notes sales grew from $1.1B (2021) to $2.1B (TTM Mar 2026).
Covenant compliance adjusted EBITDA grew from $74.9M (2021) to $243.9M (TTM Mar 2026).

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