DXP Enterprises increases ABL facility to $225M, extends maturity to 2031

Filed July 10, 2026 · Period ending July 2, 2026 · ~1 min read

Key Changes

• high

  DXP increased its asset-based revolving credit facility by $40 million to $225 million total commitments ($210M US, $15M Canada), up from $185 million under the prior agreement.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  The facility matures July 2, 2031, with interest at Term SOFR plus 1.25%-1.75% or base rate plus 0.25%-0.75%, based on excess availability. Includes accordion feature allowing up to $50M additional capacity in $10M increments.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  DXP disclosed strong growth: sales nearly doubled from $1.1B (2021) to $2.1B (LTM March 2026), net income grew from $16.4M to $88.1M, and covenant-adjusted EBITDA increased from $74.9M to $243.9M over the same period.

  Exhibit 99.1 verify on EDGAR →