Business
Distribution Solutions Group Amends and Expands Credit Facility to Fuel Strategic Growth
FORT WORTH, Texas--(BUSINESS WIRE)-- Distribution Solutions Group, Inc. (NASDAQ: DSGR) ("DSG" or the "Company"), a leading specialty distribution company,
About this update from Distribution Solutions Group, Inc.
[{"type":"text","content":" FORT WORTH, Texas--(BUSINESS WIRE)--\nDistribution Solutions Group, Inc. (NASDAQ: DSGR) (\"DSG\" or the \"Company\"), a leading specialty distribution company, announced the successful amendment and expansion of its senior secured credit facility through 2030.\n\nThe 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. The amended facility also includes a $500 million uncommitted accordion feature compared to $300 million under the existing facility. The facility has a 5% amortization factor on the term debt portion and is due December 2030.\n\nBryan King, DSG’s Chairman and Chief Executive Officer, commented, \"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. We value the strong relationships with our lender group and their continued commitment to DSG. This expanded facility enhances our access to capital, strengthens our balance sheet and provides greater financial flexibility to pursue high‑ROIC organic and inorganic opportunities. It underscores our commitment to delivering long-term value for our shareholders.”\n\nJPMorgan Chase Bank N.A. serves as Administrative Agent, Joint Lead Arranger and Joint Bookrunner.\n\nAbout Distribution Solutions Group, Inc.\n\nDistribution Solutions Group (“DSG”) is a leading multi-platform specialty distribution company providing high-touch, value-added distribution solutions to the Maintenance, Repair & Operations (MRO), Original Equipment Manufacturer (OEM) and industrial technologies markets. DSG was formed through the strategic combination of Lawson Products, a leader in MRO distribution of C-parts, Gexpro Services, a leading global supply chain services provider to manufacturing customers, and TestEquity, a leader in electronic test & measurement solutions.\n\nThrough its collective businesses, DSG is dedicated to helping customers reduce total costs of operation by improving productivity and efficiency with the right products, expert technical support and fast, reliable delivery to be a one-stop solution provider. DSG serves approximately 200,000 customers acr...