03:50 PM EDT, 05/15/2024 (MT Newswires) -- Insight Enterprises ( NSIT ) said Wednesday it is planning to offer $500 million of senior notes due 2032.

Net proceeds from the proposed offering will be used to repay a part of the outstanding borrowings under its senior secured revolving credit facility due 2027, and for other general corporate purposes.

The notes will be senior unsecured obligations of the company, guaranteed by its current and future US subsidiaries under its asset-based lending facility, with certain exceptions, Insight Enterprises ( NSIT ) said.

Insight Enterprises ( NSIT ) shares were up 2% in recent trading.

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