Financing ·
LKCM Headwater upsizes $800M senior notes offering to fund DSG merger at $35 per share
DSGRDistribution Solutions Group, Inc.
Eclipse Acquisitions Merger Sub, Inc., controlled by LKCM Headwater Investments, priced an upsized offering of $800 million aggregate principal amount of 10.000% Senior Notes due 2032, increasing from the previously announced $700 million. The notes are expected to close on October 15, 2026, with proceeds held in escrow pending the consummation of a merger where LKCM Headwater affiliates will acquire remaining DSG shares for $35.00 per share in cash. This financing supports the acquisition consideration and repayment of existing indebtedness as Distribution Solutions Group pursues its privatization transaction.