Insight Enterprises amended and restated its existing credit agreement with JPMorgan Chase as administrative agent.

The amendment provides for a $350 million senior revolving credit facility, $300 million of which is available for borrowing by the company in U.S. dollars. The U.S. dollar equivalent of $50 million of the facility is available to the company and its foreign subsidiaries in certain foreign currencies and in U.S. dollars.

A portion of the U.S. tranche equal to $25 million is available in U.S. dollars for the issuance of letters of credit. From time to time and at its option, the company may request to increase the aggregate amount available for borrowing under the facility by up to an aggregate of the U.S. dollar equivalent of $175 million, subject to customary conditions.

The facility is guaranteed by the company’s material domestic subsidiaries, and is secured by a lien on substantially all of the company’s and each guarantor’s assets.

Additionally, Calence, Insight Direct and Insight Public Sector, amended and restated their existing credit agreement with Castle Pines Capital as administrative agent, Wells Fargo Capital Finance as collateral agent, syndication agent and together with CPC as administrative agents.

The amendment provides for a credit facility to finance the purchase of inventory from a list of approved vendors. The aggregate availability under the facility increased from $250 million to $325 million.

From time to time and at their option, Calence, Insight Direct and Insight Public Sector may request to increase the aggregate amount available under the facility by up to an aggregate of $25 million, subject to customary conditions.

The facility is guaranteed by the company and each of its material domestic subsidiaries, and is secured by a lien on substantially all of the Insight Enterprises, Calence, Insight Direct and Insight Public Sector and each guarantor’s assets (excluding equity interests in foreign subsidiaries), subject to intercreditor arrangements. The facility matures on June 23, 2021.