Insight Enterprises, Inc. announced that it has priced $500 million aggregate principal amount of 6.625% senior notes due 2032 (notes). The company expects to use the net proceeds of the offering to repay a portion of the outstanding borrowings under its senior secured revolving credit facility due 2027 and, to the extent of any remaining net proceeds, for general corporate purposes. The sale of the notes is expected to close on May 20, 2024, subject to customary closing conditions.

The notes will be senior unsecured obligations of the company and will be guaranteed on a senior unsecured basis by each of its existing and future direct and indirect U.S. subsidiaries that is or becomes a guarantor or borrower under its ABL facility, subject to certain exceptions. The notes will bear interest at a rate of 6.625% per year, payable semiannually in arrears on May 15 and November 15 of each year, beginning on November 15, 2024. The notes will mature on May 15, 2032.

The notes will be offered and sold in a transaction exempt from registration under the Securities Act of 1933 (the ?Securities Act?) only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act.