DXP Enterprises, Inc. Refinances Existing Debt and Raises an Incremental $205M, Continuing to Drive Growth

Core Insights - DXP Enterprises successfully completed a refinancing of $848 million, which includes $643 million in existing Term Loan B borrowings and an additional $205 million, aimed at enhancing liquidity and flexibility for growth [1] - The refinancing is expected to generate approximately $3.2 million in annual interest savings, allowing for strategic reinvestment and potential acquisitions [1] - DXP's sales have increased from $1.0 billion in 2020 to $1.96 billion for the twelve months ending September 30, 2025, with adjusted EBITDA rising from $64.9 million to over $225 million during the same period [1] - The company's pro forma net debt to EBITDA ratio stands at 2.8:1 following the refinancing [1] Company Overview - DXP Enterprises, Inc. is a leading distributor of products and services, providing value-added solutions to industrial customers across the United States, Canada, Mexico, and Dubai [1] - The company specializes in innovative pumping solutions, supply chain services, and maintenance, repair, operating, and production (MROP) services, leveraging extensive product knowledge and technical expertise [1] - DXP's business segments include Service Centers, Innovative Pumping Solutions, and Supply Chain Services, which create competitive advantages for customers [1]