02:47 PM EDT, 10/08/2024 (MT Newswires) -- DXP Enterprises ( DXPE ) said Tuesday it has refinanced its senior secured term loan B borrowings and raised an incremental $105 million, bringing total borrowings to $649.5 million.

The new loan matures in 2030, the company said.

DXP said it plans to use the proceeds to repay existing debt and for general corporate purposes.

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