DXP Enterprises, Inc. Refinances Existing Debt and Raises an Incremental $105M to Drive Growth
DXP Enterprises, Inc. (DXPE)
Last dxp enterprises, inc. earnings: 3/6 08:00 am
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US:NASDAQ Investor Relations:
ir.dxpe.com/investor-overview/corporate-profile/default.aspx
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Source: Business Wire
$110 million in cash on the balance sheet at closeReduces applicable margin for borrowings by one hundred basis pointsAligns actions to support accelerating acquisition strategy HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has closed on refinancing existing Senior Secured Term Loan B (“TLB”) borrowings and raising an incremental $105 million in TLB borrowings. Including the new borrowings, DXP will have $649.5 million in Senior Secured Term Loan B borrowings. The TLB borrowings mature on October 13, 2030, and are priced at Term SOFR plus an applicable margin of 3.75 percent.DXP intends to use the proceeds to repay borrowings under DXP’s existing Senior Secured Term Loan B, and the remaining for general corporate purposes, potential acquisitions, and transaction fees and expenses. The transaction provides DXP with continued operational and financial flexibility to reinvest in the business and pursue its organic and acquisition growth strateg
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DXPE
News
- DXP Enterprises, Inc. (NASDAQ: DXPE) had its price target raised by analysts at Stephens from $65.00 to $75.00. They now have an "overweight" rating on the stock.MarketBeat
- DXP Enterprises, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- DXP Enterprises Completes Two AcquisitionsBusiness Wire
- DXP Enterprises Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- DXP Enterprises Inc (DXPE) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and ... [Yahoo! Finance]Yahoo! Finance
DXPE
Analyst Actions
- 11/7/24 - Stephens & Co.
DXPE
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 10/9/24 - Form 8-K
- DXPE's page on the SEC website