DXP Enterprises Upsizes ABL Revolver to $225M, Extends Maturity to 2031

summarizeSummary

DXP Enterprises closed a new $225 million asset-based revolving credit facility, increasing its borrowing capacity by $40 million and extending the maturity to 2031. The facility supports the company's growth and acquisition strategy.

check_boxKey Events · Financing and Capital Events · DXPE

• ABL Facility Upsized to $225M

  DXP Enterprises entered into a Second Amended and Restated Loan and Security Agreement on July 2, 2026, increasing its asset-based revolving credit facility from $185 million to $225 million — a $40 million boost in borrowing capacity.

• Maturity Extended to 2031

  The new facility matures on July 2, 2031, providing long-term liquidity and replacing the prior facility which was set to mature earlier.

• Favorable Pricing Tied to Availability

  Interest margins range from 1.25% to 1.75% over Term SOFR/CORRA, or 0.25% to 0.75% over base rate, stepping down as availability increases — incentivizing strong liquidity management.

• Accordion Feature for Future Growth

  The agreement includes an accordion feature allowing DXP to increase the facility by up to $50 million in minimum $10 million increments, subject to lender consent, providing flexibility for future acquisitions or working capital needs.

auto_awesomeAnalysis · DXPE · Trade & Services

DXP Enterprises replaced its $185 million asset-based revolving credit facility with a new $225 million facility, adding $40 million in borrowing capacity and pushing the maturity out to July 2031. The deal was led by Bank of America with a syndicate including U.S. Bank, PNC, Goldman Sachs, and BMO. Pricing is tied to availability, with SOFR/CORRA margins of 1.25%–1.75%. The facility also includes an accordion feature allowing up to $50 million in additional commitments. This refinancing strengthens DXP's liquidity runway and supports its acquisition-driven growth strategy, coming on the heels of a strong Q1 earnings report and recent M&A activity.