Distribution Solutions Group Expands Credit Facility to $1.1 Billion
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Distribution Solutions Group Inc. has expanded its senior secured credit facility to $1.1 billion, extending its maturity to December 2030. The facility includes $700 million in term debt and a $400 million revolving credit, with a $500 million uncommitted accordion option. This expansion aims to enhance financial flexibility and support strategic growth. JPMorgan Chase Bank N.A. is the Administrative Agent. The interest rate is SOFR plus 100-275 basis points, depending on financial leverage.
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