DXP Enterprises Secures $848 Million Refinancing to Boost Growth and Acquisitions
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DXP Enterprises Inc. has refinanced $848 million in debt, including $643 million in existing Term Loan B and an additional $205 million. The refinancing, secured by the company's assets, is expected to save $3.2 million annually in interest and improve liquidity for growth and acquisitions. The transaction will repay existing loans and support corporate purposes, with a pro forma net debt to EBITDA of 2.8:1 post-transaction.
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