Insight Enterprises issues $500M of 6.625% senior notes due 2032

INSIGHT ENTERPRISES INC

Issued $500M aggregate principal of 6.625% senior notes due May 15, 2032; net proceeds used to repay ABL facility borrowings.
Notes are senior unsecured, guaranteed by certain existing and future U.S. subsidiaries; interest payable semiannually starting November 15, 2024.
Company may redeem up to 40% of notes with equity offering proceeds before May 2027 at 106.625% of principal; make-whole redemption also available.
Change of control with ratings decline triggers repurchase offer at 101% of principal, plus accrued interest.
Redemption prices after May 2027: 103.313% (2027), 101.656% (2028), 100% (2029 and thereafter).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INSIGHT ENTERPRISES INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $500 million (effective 2024-05-20).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $500 million
Effective: 2024-05-20

Exact text from the filing

The Notes were issued pursuant to an Indenture, dated as of May 20, 2024 (the “Indenture”), among the Company, the Guarantors and U.S. Bank Trust Company, National Association, as trustee.

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Source: SEC EDGAR

accession 0001628280-24-024249

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