DXP Enterprises Increases ABL Facility From $135M To $185M To Support Acquisition Strategy And Maintain Liquidity

Author: Benzinga Newsdesk | July 08, 2025 03:01pm

• Increases size of ABL from $135 million to $185 million
• Continues to align capital structure with actions to support strategy
• Maintains liquidity and continues to support accelerating acquisition strategy

DXP Enterprises, Inc. (NASDAQ:DXPE) today announced that on July 1, 2025, DXP Enterprises, Inc. (the "Company") entered into an Increase Agreement (the "Increase Agreement") by and among the Company and certain of the Company's subsidiaries as borrowers, certain other subsidiaries of the Company as guarantors, pursuant to which the aggregate commitments under the Company's existing asset-based revolving credit facility (the "ABL Facility") were increased by $50 million. Following the effectiveness of the Increase Agreement, the total commitments under the ABL Facility increased from $135 million to $185 million.

The ABL Facility now provides for asset-based revolving loans in an aggregate principal amount of up to $185.0 million, with up to $175.0 million to be made available to the US Borrowers (the "US ABL Facility") and up to $10.0 million to be made available to the Canadian Borrowers (the "Canadian ABL Facility" and together with the US ABL Facility, the "ABL Facility"). The Increase Agreement was entered into pursuant to the terms of the ABL Facility, which permits the Company to request incremental increases in the aggregate commitments, subject to certain conditions. The material terms of the ABL Facility, as previously disclosed, remain in effect and were not otherwise amended in connection with the Increase Agreement.

The Increase Agreement provides DXP with continued operational and financial flexibility to reinvest in the business and pursue its organic and acquisition growth strategy.

Posted In: DXPE