DXP Enterprises Files 8-K on Material Agreement
Ticker: DXPE · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1020710
| Field | Detail |
|---|---|
| Company | Dxp Enterprises Inc (DXPE) |
| Form Type | 8-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $105 million, $649.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
TL;DR
DXP Enterprises inked a new deal creating a direct financial obligation, filing an 8-K on Oct 3rd.
AI Summary
On October 3, 2024, DXP Enterprises, Inc. entered into a Material Definitive Agreement related to a direct financial obligation. The company, incorporated in Texas with IRS number 760509661, filed this 8-K report on October 9, 2024, detailing events that occurred on October 8, 2024.
Why It Matters
This filing indicates DXP Enterprises has entered into a significant new agreement that creates a direct financial obligation, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risks and impact the company's balance sheet.
Key Players & Entities
- DXP Enterprises, Inc. (company) — Registrant
- Texas (location) — State of incorporation
- 760509661 (organization_id) — IRS Employer Identification Number
- October 3, 2024 (date) — Date of earliest event reported
- October 8, 2024 (date) — Date as of change
- October 9, 2024 (date) — Filing date
- 5301 Hollister Street (address) — Principal executive offices
- Houston, Texas 77040 (location) — Principal executive offices
FAQ
What type of material definitive agreement did DXP Enterprises, Inc. enter into?
The filing indicates the agreement is related to the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 3, 2024.
What is DXP Enterprises, Inc.'s principal executive office address?
The principal executive offices are located at 5301 Hollister Street, Houston, Texas 77040.
What is the IRS Employer Identification Number for DXP Enterprises, Inc.?
The IRS Employer Identification Number is 76-0509661.
What is the filing date of this 8-K report?
The report was filed on October 9, 2024.
Filing Stats: 1,071 words · 4 min read · ~4 pages · Grade level 11.4 · Accepted 2024-10-08 20:23:58
Key Financial Figures
- $0.01 — hich Registered Common Stock par value $0.01 DXPE NASDAQ Global Select Market Indi
- $105 million — atio covenant compliance dates and (ii) $105 million in new incremental term loan commitment
- $649.5 million — Incremental Term Loans, the Company has $649.5 million in outstanding borrowings under the Ter
Filing Documents
- dxpe-20241003.htm (8-K) — 32KB
- dxp-amendmentno3totermloan.htm (EX-10.1) — 1881KB
- a2024refinanceandincrement.htm (EX-99.1) — 11KB
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- 0001020710-24-000084.txt ( ) — 2336KB
- dxpe-20241003.xsd (EX-101.SCH) — 2KB
- dxpe-20241003_lab.xml (EX-101.LAB) — 21KB
- dxpe-20241003_pre.xml (EX-101.PRE) — 12KB
- dxpe-20241003_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On October 8, 2024, the Company issued a press release announcing its entry into the Term Loan Amendment. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information contained in this Item 8.01, and Exhibit 99.1 attached hereto, (i) is being furnished pursuant to Item 8.01 of Form 8-K, (ii) is not to be considered "filed" under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and (iii) shall not be incorporated by reference into any previous or future filings made by or to be made by the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended, or the Exchange Act.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Term Loan Amendment, dated as of October 3, 2024, by and among the Company, as borrower, certain subsidiaries of the Company, as guarantors, the incremental lenders party thereto and Goldman Sachs Bank USA, as administrative agent. 99.1 Press Release, dated October 8 , 202 4 announcing the Company's entry into the Term Loan Amendment. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DXP ENTERPRISES, INC. October 8, 2024 By: /s/ Kent Yee Kent Yee Senior Vice President/Finance and Chief Financial Officer By: /s/ David Molero Santos David Molero Santos Vice President/Finance and Chief Accounting Officer