DXP Enterprises Inc., said it has completed a refinancing that adds $205 million in new borrowing and extends the maturity of its main term loan to 2030, giving the industrial distributor more flexibility to fund growth and acquisitions.
The transaction brings DXP’s total term loan borrowings to $848 million. The company said it used the proceeds to replace existing debt, with remaining funds earmarked for general corporate purposes and potential acquisitions.
CEO David R. Little said the refinancing strengthens DXP’s balance sheet and positions the company to close out 2025 and enter 2026 with greater flexibility to invest in the business.
Chief financial officer Kent Yee said refinancing lowers interest costs and improves liquidity while giving DXP room to pursue additional acquisitions. He said the company expects to be active on the acquisition front in 2026 as it continues to expand its footprint and capabilities.
Yee pointed to DXP’s growth over the past five years, with revenue nearly doubling since 2020 and earnings increasing significantly over the same period, reflecting what he described as a more disciplined and scalable operating model.
Houston-based DXP distributes industrial products and services, including pumping solutions, rotating equipment, and MRO supplies, serving customers across North America and the Middle East.
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