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Stock impact report

Distribution Solutions Group Amends and Expands Credit Facility to Fuel Strategic Growth

Distribution Solutions Group, Inc. (DSGR) 
Company Research Source: Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)--Distribution 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.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. 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.Bryan 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 Show less Read more
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