Insperity Inc Secures $100 Million Credit Facility; Expands Stock Repurchase Authorization

Insperity Inc announced that it has entered into a $100 million four-year revolving credit facility. The facility is available for general corporate purposes, including acquisitions. Amegy Bank serves as the agent for the lenders and Bank of America and Woodforest National Bank will also participate in the facility. The credit facility, which matures on September 15, 2015, is subject to various covenants that are customary for facilities of this nature. Insperity`s Board of Directors has authorized an expansion of its stock repurchase program by an additional 1 million shares. Insperity has repurchased 539,000 shares since June 30, 2011, and as a result of the expansion now has 1,481,278 shares available for repurchase. Purchases may be made from time to time in the open market or in privately negotiated transactions.