Dxp enterprises, inc. refinances existing debt and raises an incremental $125m to drive acquisition growth

Houston--(business wire)--dxp enterprises, inc. (nasdaq: dxpe) today announced that it has closed on refinancing existing senior secured term loan b (“tlb”) borrowings and raising an incremental $125 million in tlb borrowings. including the new borrowings, dxp will have $550.0 million in senior secured term loan b borrowings. the tlb borrowings mature on october 30, 2030, and are priced at term sofr plus an applicable margin of 4.75 percent. dxp intends to use the proceeds to repay borrowings u.
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