Distribution Solutions Group, Inc (NASDAQ: DSGR), a specialty distribution company serving industrial and technology-driven markets, has completed an amendment and expansion of its senior secured credit facility, extending maturity through 2030. The revised agreement includes $700 million in term loans and a $400 million revolving credit facility, representing a $255 million increase in revolving capacity.
Borrowings will accrue interest at SOFR plus a margin ranging from 100 to 275 basis points, based on leverage levels. The facility also increases the uncommitted accordion feature to $500 million, up from $300 million previously. Term debt amortizes at 5 percent annually, with final maturity in December 2030.
“This transaction reflects strong lender confidence in our business and long-term growth strategy,” said Bryan King, Chairman and Chief Executive Officer of DSG. “The expanded facility improves our financial flexibility, strengthens our balance sheet, and positions us to pursue high-return organic initiatives and strategic acquisitions. We greatly value the continued support of our banking partners.” JPMorgan Chase Bank, NA acted as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner for the facility.
Distribution Solutions Group is a multi-platform specialty distributor delivering value-added solutions to the maintenance, repair and operations (MRO), original equipment manufacturer (OEM), and industrial technology markets. The company brings together the strengths of Lawson Products, Gexpro Services, and TestEquity to provide customers with technical expertise, supply chain efficiency, and reliable product availability.
DSG serves approximately 200,000 customers worldwide with the support of roughly 4,400 employees and a broad network of vendor partners. Its operations span North America, Europe, Asia, South America, and the Middle East, with strategically located distribution and service centers enabling fast, dependable delivery.
