DXP Enterprises boosts credit facility to $225 million

By Tamara Parker • Friday, July 10 13:02 • Permanent Link

DXP Enterprises expanded its asset-based revolving credit facility by $40 million, lifting total commitments to $225 million from $185 million.

The company said the larger facility was completed on July 2, 2026. Of the new $225 million total, up to $210 million is available to U.S. borrowers and up to $15 million to Canadian borrowers. The revolver matures on July 2, 2031.

The borrowing base can be increased by as much as another $50 million, in minimum steps of $10 million, subject to conditions in the agreement.

DXP said the move was designed to preserve liquidity and support growth and acquisitions. In the company’s figures, sales rose from $1.1 billion in 2021 to $2.1 billion for the last 12 months ended March 31, 2026. Net income increased from $16.4 million to $88.1 million over the same comparison. Covenant compliance adjusted EBITDA climbed from $74.9 million to more than $243.9 million. Today the company's shares have moved -0.73% to a price of $163.77. For more information, read the company's full 8-K submission here.

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