DXP ENTERPRISES INC 8-K

What Happened

• DXP Enterprises, Inc. (DXPE) filed an 8‑K reporting that on December 16, 2025 it entered into Amendment No. 4 and a joinder to its Term Loan and Security Agreement with Goldman Sachs Bank USA as agent. The amendment adds $205.0 million of incremental term loan commitments, and, after closing, the company has $848.0 million in outstanding borrowings under the Term Loan Agreement. The existing and new term loans mature October 13, 2030.

Key Details

• Incremental amount: $205.0 million in new term loan commitments; total outstanding under the Term Loan Agreement: $848.0 million after the amendment.
• Pricing and interest: Term SOFR (1.00% floor) + 3.25% or base rate + 2.25%; SOFR interest paid at least quarterly, base rate interest paid quarterly.
• Use of proceeds: to pay transaction fees/expenses, finance permitted acquisitions, replenish cash and/or repay ABL obligations, and for other general corporate purposes (including permitted share repurchases, capital expenditures and investments).
• Other terms: the amendment adjusts certain financial covenant compliance dates and otherwise leaves representations, events of default and covenants in place; press release announcing the amendment was furnished on December 22, 2025.

Why It Matters

• The amendment provides the company with immediate additional liquidity (an extra $205M) and extends available term financing through 2030, which can support acquisitions, balance‑sheet flexibility or share repurchases.
• Investors should note higher total leverage (total term loan borrowings of $848M) and continued exposure to variable interest rates tied to Term SOFR (with a 1.00% floor), which will affect future interest expense as rates change.
• The filing is a material financing event (Item 1.01 / Item 2.03) and the company disclosed the full amendment and a press release as exhibits to the 8‑K for further detail.