Distribution Solutions Group Announces Senior Notes Offering Upsizing From $700 Million to $800 Million and Pricing
Key Highlights
- ➤Senior notes offering upsized to $800 million from $700 million
- ➤Notes priced at 10.000% interest, due 2032
- ➤Merger consideration remains $35.00 per share in cash
- ➤Merger requires DSG stockholder approval and customary closing conditions
- ➤Offering proceeds would fund merger, debt repayment, fees and future acquisitions
Distribution Solutions Group Announces Senior Notes Offering Upsizing From $700 Million to $800 Million and Pricing
Distribution Solutions Group, Inc. (NASDAQ: DSGR) (“DSG” or the “Company”), a premier specialty distribution company, today announced that Eclipse Acquisitions Merger Sub, Inc. (“Escrow Issuer”), a newly formed corporation controlled by LKCM Headwater Investments, LLC (“LKCM Headwater” or the “Sponsor”), an affiliate of the Company, priced the offering (the “Offering”) of $800 million aggregate principal amount of its 10.000% Senior Notes due 2032 (the “Notes”). The aggregate principal amount of Notes offered in the Offering was increased to $800 million from the previously announced $700 million. The Offering is expected to close on October 15, 2026, subject to customary closing conditions.
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