DXP Enterprises Inc. has announced the successful refinancing of $848 million in debt, comprising $643 million in existing Term Loan B borrowings and an incremental $205 million. The new agreement, priced at 3.25 percent over Term SOFR, is secured by substantially all of the company’s consolidated assets and continues to include a secured leverage covenant ranging from 5.75:1 to 4.75:1. The refinancing is expected to generate approximately $3.2 million in annual interest savings and enhances DXP’s liquidity and flexibility to support growth through acquisitions and strategic reinvestment. Proceeds from the transaction will be used to repay existing Senior Secured Term Loan B borrowings, with the remainder allocated for general corporate purposes, potential acquisitions, and transaction-related expenses. Following the close of the transaction at the end of Q3, DXP’s pro forma net debt to EBITDA stands at 2.8:1. Additional details will be provided in a forthcoming SEC filing.