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An announcement from Distribution Solutions Group (DSGR) is now available.
Distribution Solutions Group, Inc. and its subsidiaries have amended their credit agreement, securing an additional $200 million term loan and expanding their revolving credit line from $200 million to $255 million to fund their acquisition of Source Atlantic Limited and other expenses. These financial maneuvers are part of a broader strategy to increase the company’s borrowing capacity by up to $300 million, with interest rates and repayment terms tied to the company’s leverage ratio. The company has also agreed to various covenants that limit its operational flexibility in areas such as asset disposition and incurring additional debt, ensuring a focus on maintaining a healthy balance sheet.
For an in-depth examination of DSGR stock, go to TipRanks’ Stock Analysis page.
