Item 1.01 Entry into a Material Definitive Agreement.

On July 22, 2022, Insight Enterprises, Inc. ("Insight") entered into a third amendment to credit agreement (the "Third Amendment") with JPMorgan Chase Bank, N.A., as Administrative Agent (the "Agent"), the lenders party thereto, certain of Insight's subsidiaries organized in the United States, the United Kingdom, the Netherlands and Australia, as additional borrowers (collectively with Insight, the "Borrowers"), and certain of Insight's subsidiaries organized in the United States, the United Kingdom, the Netherlands, Australia and Canada, as guarantors (collectively, the "Guarantors"), which amends the credit agreement, dated as of August 30, 2019 (as amended by that certain first amendment to credit agreement, dated as of July 31, 2020 and that certain second amendment to credit agreement, dated as of December 30, 2021 and as further amended by the Third Amendment, the "ABL Credit Agreement"), among Insight, the other Borrowers party thereto, the Guarantors party thereto, the lenders party thereto and the Agent.

The Third Amendment amended the ABL Credit Agreement to, among other things: (i) increase the senior revolving credit facility (the "ABL Facility") provided for under the ABL Credit Agreement from the U.S. dollar equivalent of $1,200 million to the U.S. dollar equivalent of $1,800 million ($1,450 million of which is available for borrowings by the Borrowers organized in the United States in U.S. dollars, and the U.S. dollar equivalent of $350 million of which is available for borrowings by the Borrowers in U.S. dollars, euros, pounds sterling and, for Borrowers organized in Australia only, Australian dollars; provided that borrowings by Borrowers organized in Australia are only available in Australian dollars or U.S. dollars); (ii) extend the maturity of the ABL Facility from August 30, 2024 to July 22, 2027; (iii) include certain Australian subsidiaries of Insight as Borrowers and Guarantors under the ABL Facility; (iv) increase the ability of Insight to request increases in the aggregate amount available for borrowing under the ABL Facility from up to an aggregate of the U.S. dollar equivalent of $500 million to the U.S. dollar equivalent of $750 million and (v) provide for an uncommitted first-in, last-out revolving facility in an aggregate amount of up to $100 million.

The foregoing summary of the ABL Facility in this Item 1.01 does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the ABL Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits.

Exhibit
Number                Description

10.1                    Third Amendment to Credit Agreement, dated as of July     22    , 2022, by
                      and among Insight Enterprises, Inc., the subsidiaries of Insight Enterprises,
                      Inc. party thereto as borrowers and guarantors, JPMorgan Chase Bank, N.A., as
                      administrative agent, and the lenders party thereto.


--------------------------------------------------------------------------------

© Edgar Online, source Glimpses