DXP Enterprises expands ABL credit facility to $225 million from $185 million
DXP Enterprises entered a Second Amended and Restated Loan Agreement on July 2, 2026, increasing commitments under its asset-based revolving credit facility by $40 million. The facility now totals $225 million and matures on July 2, 2031. The company says the change maintains liquidity, supports its acquisition strategy, and positions it to optimize its cost of capital.
Key points
- Total ABL commitments rise from $185 million to $225 million, a $40 million increase.
- Up to $210 million is available to US borrowers and up to $15 million to Canadian borrowers.
- Interest accrues at Term SOFR or Term CORRA plus 1.25% to 1.75%, or at alternate base rates plus 0.25% to 0.75%, based on average daily excess availability.
- The facility may be increased by up to $50 million in total, in minimum increments of $10 million, subject to conditions; Bank of America, N.A. is agent.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 09, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.