Insight Enterprises to make revolver draw to fund Datalink buyout

By Susanna Moon

Chicago, Nov. 7 – Insight Enterprises, Inc. plans to draw from its revolving credit facilities to fund its acquisition of Datalink Corp.

The companies have entered into a definitive merger agreement for Insight to acquire Datalink for $11.25 per share in cash, which is a 19% premium to Datalink’s closing price on Nov. 4, for an equity purchase price of about $258 million and an enterprise value of about $196 million net of cash and debt acquired, according to a press release.

The deal also will be funded using cash on hand.

Insight is a technology company based Tempe, Ariz.

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