secwatch.observer — SEC 8-K summary
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Issuer:     INSIGHT ENTERPRISES INC (NSIT)
CIK:        0000932696
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001628280-24-024249
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932696/000162828024024249/0001628280-24-024249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932696/000162828024024249/nsit-20240520.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-024249

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