DXP Enterprises announced Monday that it has refinanced its existing Senior Secured Term Loan B debt and borrowed an additional $205 million — bringing its total borrowings to $848 million.
The Houston-based pump and MRO distributor — no. 17 on ID’s 2025 Big 50 list — said that it would use the proceeds to repay the loan as well as for “general corporate purchases, potential acquisitions, and transaction fees and expenses.”
The borrowings mature on Oct. 13, 2030; they are priced at “Term SOFR plus an applicable margin” of 3.25%.
DXP officials said the transaction provides the company with additional flexibility to “reinvest in the business and pursue its organic and acquisition growth strategy.”
“We are pleased to complete another successful refinancing, reinforcing DXP’s strong financial foundation,” DXP Chairman and CEO David Little said in a statement. “Building on this momentum, we aim to close the year with strength and accelerate growth in 2026.”
“We look forward to starting off 2026 with more acquisitions as we continue to scale DXP,” added CFO Kent Yee.
