Distribution Solutions Group has amended and expanded its senior secured credit facility to provide the distributor with “greater financial flexibility,” company officials said Monday.
The new facility includes $700 million of term debt and a revolving credit arrangement of $400 million, which equates to an increase of $255 million over its existing revolver. It also includes a $500 million uncommitted accordion feature instead of the earlier $300 million.
Interest on the new borrowings will be “SOFR plus 100-275” basis points, depending on “financial leverage.” It has a 5% amortization factor on the term debt portion and is due December 2030, officials said.
DSG Chairman and CEO Bryan King said that the amended facility “enhances our access to capital, strengthens our balance sheet and provides greater financial flexibility to pursue high‑ROIC organic and inorganic opportunities.”
"We are very pleased to complete the expansion of our senior secured credit facility, which was oversubscribed due to strong market interest and confidence in our growth plans,” King said in a statement. “We value the strong relationships with our lender group and their continued commitment to DSG.”
DSG ranks at no. 16 on ID’s 2025 Big 50 list.
