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BRIEF-DXP Enterprises announces new ABL revolver and term loan B
August 29, 2017 / 8:40 PM / 23 days ago

BRIEF-DXP Enterprises announces new ABL revolver and term loan B

Aug 30 (Reuters) - Dxp Enterprises Inc

* DXP Enterprises announces new ABL revolver and term loan B

* DXP Enterprises Inc - ‍$85 million ABL at l+150, undrawn at close​

* DXP Enterprises Inc - ‍Intends to use proceeds to repay existing revolver and term loan A credit facilities, which will be terminated on that payment​

* DXP Enterprises Inc - ‍$250 million term loan B at l+550​

* DXP Enterprises Inc - ‍TLB and ABL revolver mature on August 29, 2023 and August 29, 2022, respectively​

* DXP Enterprises - Closed on new $250 million senior secured term loan B, refinanced existing credit facility with new $85 million asset based revolving credit facility​ Source text for Eikon: Further company coverage:

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