DXP Enterprises Inc. has increased the size of its existing asset-based revolving credit facility by $40 million, company officials announced last week.
Under the “Second Amended and Restated Loan Agreement,” aggregate commitments under the credit facility climbed from $185 million to $225 million. Up to $210 million of that amount will be available to the company and select subsidiaries as U.S. borrowers, and the remaining $15 million will be available to operations in Canada.
The facility may be increased by up to $50 million in minimum increments of $10 million; it will mature in July of 2031.
DXP CFO Kent Yee said that the increased revolving loan program would enable the company to maintain “liquidity and flexibility as we continue to grow both organically and through acquisitions while strategically reinvesting in the business.”
“We will take this positive momentum, push to close out the year strong during the second half of 2026 and look to drive further growth in 2027,” DXP Chairman and CEO David Little said in a statement.
Houston-based DXP is the no. 17 distributor on ID’s latest Big 50 list.
