Brief: Distribution Solutions Group Co & Certain Units Entered Into First Amendment To Amended & Restated Credit Agreement Dated June 8

Distribution Solutions

09/06/2023 12:41

June 9 (Reuters) - Distribution Solutions Group Inc
 DSGR.O :
    * DISTRIBUTION SOLUTIONS GROUP- ON JUNE 8, CO & CERTAIN
UNITS
ENTERED INTO FIRST AMENDMENT TO AMENDED & RESTATED CREDIT
AGREEMENT DATED JUNE 8, 2023
    * DISTRIBUTION SOLUTIONS GROUP -  FIRST AMENDMENT PROVIDES
FOR
$305 MILLION INCREMENTAL TERM LOAN
    * DISTRIBUTION SOLUTIONS GROUP -  EACH LOAN UNDER AMENDED
AND
RESTATED CREDIT AGREEMENT MATURES ON APRIL 1, 2027
    * DISTRIBUTION SOLUTIONS GROUP- AMENDMENT PERMITS CO TO
RAISE
COMMITMENTS UNDER AGREEMENT AFTER DATE OF FIRST AMENDMENT
EFFECTIVE DATE BY UP TO $200 MILLION
    * DISTRIBUTION SOLUTIONS GROUP -  CO IS REQUIRED TO REPAY
PRINCIPAL ON FIRST AMENDMENT INCREMENTAL TERM LOANS EACH QUARTER
IN AMOUNT EQUAL TO $3.8 MILLION

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