DXP Enterprises Secures $225M ABL Revolver Led by Bank of America, Maturing 2031
DXPE sits 96% above its 52-week low of $84.04.
Summary
DXP Enterprises closed a new $225 million asset-based revolving credit facility with Bank of America as agent, effective July 2, 2026. The five-year facility replaces prior arrangements and includes a $50 million expansion option, split between U.S. and Canadian borrowers. This follows a strong Q1 with 9.5% sales growth and improved cash flow, and the recent acquisition of General Repair Service. The revolver provides flexible working capital to support continued M&A and organic expansion. Pricing is tied to SOFR/CORRA plus a margin based on availability, keeping costs manageable.
At the time of this announcement, DXPE was trading at $164.97 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $84.04 to $183.91. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.