Distribution Solutions Group, Inc. announced the successful amendment and expansion of its senior secured credit facility through 2030.
The new facility includes $700 million of term debt and a revolving credit arrangement of $400 million, a $255 million increase over the existing revolver.
Borrowings under the facility will bear interest at SOFR plus 100-275bps depending on financial leverage.
Credit Facility Expansion
Amendment and expansion of senior secured credit facility through 2030 with increased term debt and revolving credit arrangement.
Interest Rate
Borrowings under the facility will bear interest at SOFR plus 100-275bps depending on financial leverage.
Financial Flexibility
Enhanced access to capital, strengthened balance sheet, and greater financial flexibility to pursue high-ROIC opportunities.
- The amended credit facility enhances the company's access to capital, strengthens its balance sheet, and provides greater financial flexibility.
- This expansion underscores the company's commitment to delivering long-term value for shareholders.
The successful amendment and expansion of the credit facility demonstrate Distribution Solutions Group's strategic focus on growth and value creation for shareholders.