Insight Enterprises, Inc. (NSIT) announced on Wednesday its intention to issue $500 million in Senior Notes due 2032, subject to market conditions and other factors.
The company plans to use the net proceeds from this offering to repay part of the borrowings currently outstanding under its senior secured revolving credit facility, which is due in 2027.
Any remaining funds from the net proceeds will be directed towards general corporate purposes.
These notes will be senior unsecured obligations of Insight Enterprises, guaranteed on a senior unsecured basis by its current and future direct and indirect U.S. subsidiaries acting as guarantors or borrowers under its ABL facility, with certain exceptions.
