Insight Enterprises (NASDAQ: NSIT) adds $100M swingline sub-facility to ABL credit agreement
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Insight Enterprises, Inc. entered into a seventh amendment to its asset-based lending credit agreement with JPMorgan Chase Bank, N.A. on May 28, 2026. The amendment adds a new $100 million swingline sub-facility under the existing ABL Credit Agreement dated August 30, 2019.
The amended facility involves Insight, various subsidiaries in the United States, the United Kingdom, the Netherlands and Australia as borrowers, and additional subsidiaries in those countries and Canada as guarantors. The full text of the Seventh Amendment is filed as Exhibit 10.1 and incorporated by reference.
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Insights
Insight adds a $100 million swingline sub-facility to its ABL credit agreement.
Insight Enterprises amended its existing ABL Credit Agreement, originally dated August 30, 2019, by entering into a seventh amendment with JPMorgan Chase Bank, N.A. as Administrative Agent and a syndicate of lenders.
The amendment adds a $100 million swingline sub-facility, which is typically used for short-term, same-day borrowing needs under a broader revolving credit line. The Borrowers include Insight and certain subsidiaries across the United States, United Kingdom, Netherlands and Australia, with Guarantors also in Canada.
This change appears to focus on incremental liquidity flexibility within the existing ABL framework rather than creating a separate facility. Actual utilization, pricing, and covenant implications are not detailed in this excerpt, so the direct financial impact would be assessed through the full Exhibit 10.1 and future company disclosures.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Swingline sub-facility size: $100 million
Amendment execution date: May 28, 2026
Original ABL Credit Agreement date: August 30, 2019
+1 more
4 metrics
Swingline sub-facility size
$100 million
Added by Seventh Amendment to ABL Credit Agreement
Amendment execution date
May 28, 2026
Date Insight entered into Seventh Amendment
Original ABL Credit Agreement date
August 30, 2019
Date of initial ABL Credit Agreement referenced
Exhibit number for Seventh Amendment
10.1
Filed with Form 8-K as Seventh Amendment to Credit Agreement
Key Terms
Material Definitive Agreement, swingline sub-facility, Administrative Agent, Guarantors
4 terms
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
swingline sub-facility financial
"The Seventh Amendment amended the ABL Credit Agreement to, among other things, add a $100 million swingline sub-facility."
A swingline sub-facility is a short-term, fast-access loan built into a larger credit agreement that lets a borrower draw a small amount of cash quickly for immediate needs, like bridging payroll or meeting an unexpected bill. For investors, it matters because use of this emergency credit can signal temporary cash stress or provide reassurance that the company can meet short-term obligations without selling assets, affecting perceptions of liquidity and short-term default risk.
Administrative Agent financial
"with JPMorgan Chase Bank, N.A., as Administrative Agent (the “Agent”)"
An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.
Guarantors financial
"and certain of Insight’s subsidiaries ... as guarantors (collectively, the “Guarantors”)"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 28, 2026
(Exact name of registrant as specified in its charter)
_____________________________
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||||||||
Registrant's telephone number, including area code:
(480 ) 333-3000
Not Applicable
(Former name or former address, if changed since last report)
_____________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
| Emerging growth company | ||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement.
On May 28, 2026, Insight Enterprises, Inc. (“Insight”) entered into a seventh amendment to credit agreement (the “Seventh 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 the “ABL Credit Agreement”), among Insight, the other Borrowers party thereto, the Guarantors party thereto, the lenders party thereto and the Agent. The Seventh Amendment amended the ABL Credit Agreement to, among other things, add a $100 million swingline sub-facility.
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 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number | Description | |||||||
10.1(1) | Seventh Amendment to Credit Agreement, dated as of May 28, 2026, 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. | |||||||
104 | Cover Page Interactive Data File (formatted as Inline XBRL). | |||||||
(1) Certain schedules and exhibits (or similar attachments) have been omitted pursuant to Item 601(a)(5) of Regulation S-K. Insight agrees to furnish copies of any such schedules and exhibits (or similar attachments) to the SEC upon request. | ||||||||
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: | June 1, 2026 | By: | /s/ Rachael A. Crump | |||||||||||
| Rachael A. Crump | ||||||||||||||
| Chief Accounting Officer | ||||||||||||||
FAQ
What did Insight Enterprises (NSIT) disclose in its May 28, 2026 Form 8-K?
Insight Enterprises disclosed that it entered into a seventh amendment to its ABL Credit Agreement on May 28, 2026. The amendment principally adds a $100 million swingline sub-facility to the existing asset-based lending arrangement with JPMorgan Chase Bank, N.A. as Administrative Agent.
What is the Seventh Amendment to Insight Enterprises’ ABL Credit Agreement?
The Seventh Amendment is a modification to Insight’s existing ABL Credit Agreement dated August 30, 2019. It was executed on May 28, 2026 and, among other changes, introduces a new $100 million swingline sub-facility within the existing credit structure.
How large is the new swingline sub-facility Insight Enterprises added?
The Seventh Amendment adds a $100 million swingline sub-facility to Insight Enterprises’ ABL Credit Agreement. This swingline component typically allows for short-term borrowings under the broader facility, supplementing the company’s liquidity options within the established lending framework.
Who are the key parties to Insight Enterprises’ amended credit agreement?
Key parties include Insight Enterprises, Inc., certain subsidiaries as Borrowers, and subsidiaries in the United States, United Kingdom, Netherlands, Australia and Canada as Guarantors. JPMorgan Chase Bank, N.A. serves as Administrative Agent, with additional lenders participating under the ABL Credit Agreement.
Where can investors find the full text of Insight Enterprises’ Seventh Amendment?
The full text of the Seventh Amendment to the Credit Agreement is filed as Exhibit 10.1 to the Form 8-K. It is incorporated by reference, and Insight indicates that omitted schedules and exhibits can be furnished to the SEC upon request.
What existing agreement did Insight Enterprises amend with the Seventh Amendment?
Insight Enterprises amended its existing ABL Credit Agreement originally dated August 30, 2019. The Seventh Amendment, effective May 28, 2026, adjusts that agreement, notably by adding a $100 million swingline sub-facility and confirming the roles of Borrowers, Guarantors and the Administrative Agent.