Insight Enterprises Files 8-K on Material Agreement

TL;DR

Insight Enterprises just filed an 8-K for a new material definitive agreement and financial obligation. Details TBD.

AI Summary

On May 20, 2024, Insight Enterprises, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, headquartered in Chandler, Arizona, filed an 8-K report detailing this event. Specific details regarding the financial obligation and its terms were not fully disclosed in the provided excerpt.

Why It Matters

This filing indicates a significant financial commitment or obligation for Insight Enterprises, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carries financial risk that is not fully detailed in the excerpt.

Key Numbers

• 0001628280-24-024249 — Accession Number (Unique identifier for the filing)
• 20240520 — Filing Date (Date the report was filed)

Key Players & Entities

• INSIGHT ENTERPRISES INC (company) — Registrant
• May 20, 2024 (date) — Date of earliest event reported
• 2701 East Insight Way, Chandler, Arizona 85286 (location) — Principal executive offices address
• 0-25092 (other) — Commission File Number
• 86-0766246 (other) — I.R.S. Employer Identification No.

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 NSIT The NASDAQ Global Select Market
• $500 million — 032 in an aggregate principal amount of $500 million (the "Notes") pursuant to Rule 144A and

Filing Documents

• nsit-20240520.htm (8-K) — 38KB
• indenture8-kexhibitversion.htm (EX-4.1) — 1073KB
• image_5.jpg (GRAPHIC) — 0KB
• nsit-20240520_g1.jpg (GRAPHIC) — 30KB
• 0001628280-24-024249.txt ( ) — 1499KB
• nsit-20240520.xsd (EX-101.SCH) — 2KB
• nsit-20240520_lab.xml (EX-101.LAB) — 21KB
• nsit-20240520_pre.xml (EX-101.PRE) — 12KB
• nsit-20240520_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Indenture and the Notes On May 20, 2024, Insight Enterprises, Inc. (the "Company"), completed the previously announced offering (the "Offering") of its 6.625% senior notes due 2032 in an aggregate principal amount of $500 million (the "Notes") pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Notes are senior unsecured obligations of the Company and are guaranteed on a senior unsecured basis by each of the Company's existing and future direct and indirect U.S. subsidiaries that is or becomes a guarantor or borrower under its senior secured revolving credit facility due 2027 (the "ABL facility"), subject to certain exceptions (the "Guarantors"). J.P. Morgan Securities LLC, BofA Securities, Inc., Wells Fargo Securities, LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., BMO Capital Markets Corp., PNC Capital Markets LLC, HSBC Securities (USA) Inc., Huntington Securities, Inc., BOK Financial Securities, Inc., Comerica Securities, Inc., and Zions Direct, Inc. served as the Initial Purchasers (the "Initial Purchasers") with respect to the offer and sale by the Company of the Notes. The Company used the net proceeds from the Offering to repay a portion of the outstanding borrowings under the ABL facility. 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. The Indenture contains certain covenants that, among other things, limit the Company's and the Guarantors' ability to, subject to certain exceptions, create, incur or assume liens to secure debt. The Indenture contains covenants that limit the ability of the Company and each of the Guarantors, as applicable to, among other things: (i) create, incur or assume liens to secure debt, (ii) guarantee the payment of certain indebtedness and (iii) in the case of the Company, consolidate

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 Indenture, dated as of May 20, 2024, by and among Insight Enterprises, Inc., the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee. 4.2 Form of 6.625% Senior Notes Due 2032 (included in Exhibit 4.1). 104 Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Insight Enterprises, Inc. Date: May 20, 2024 By: /s/ Rachael A. Crump Rachael A. Crump Chief Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR