DXP Enterprises entered into a Second Amended and Restated Loan and Security Agreement to establish a $225 million asset-based revolving credit facility. The facility provides up to $210 million for U.S. borrowers and $15 million for Canadian borrowers, with an option to increase by $50 million. It matures on July 2, 2031 and carries variable interest based on SOFR or CORRA (or base rates) plus a margin tied to availability. The company expects the agreement to enhance liquidity and support operations and growth.
Agreement details:
- Agreement type: Asset-based revolving credit facility up to $225 million
- Counterparty: Bank of America, as agent, and other lenders
- Signed / Effective: Jul 02 2026 / same
- Duration / Termination: Through Jul 02 2031
- Reason: Refinance and expand liquidity for growth and operations
Original SEC Filing:
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