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Distribution Solutions Group prices $800M 10.00% senior notes due 2032 to fund $35/sh takeover
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Distribution Solutions Group priced $800 million of 10.00% senior notes due 2032 to support a proposed $35.00-per-share cash acquisition and related financing. Key Highlights: Offering upsized to $800M from $700M; notes priced at 10.000% due 2032, expected to close Oct 15, 2026. Proceeds to be held in escrow pending closing of merger in which LKCM Headwater affiliates would acquire remaining shares at $35.00/share. Upon merger completion DSG will assume the notes and…