Datalink Closed $10 Million Credit Agreement

Datalink Corporation has entered into a Credit Agreement with Wells Fargo Bank, National Association.

The Credit Agreement provides for a line of credit not to exceed $10 million for general working capital purposes. The Credit Agreement contains customary representations and covenants, is secured by substantially all of Datalink’s assets and expires on July 31, 2012.

"We are pleased to announce the establishment of this line of credit and consider it an endorsement of Datalink’s strong performance and strategic direction, resulting from our 65-percent growth rate in fiscal 2010," said Greg Barnum, vice president of finance and chief financial officer for Datalink. "Considering the current borrowing climate, we are excited to have the availability provided by this credit agreement in today’s favorable interest rate environment. While we remain well capitalized to support our operations into the future, the credit line provides us the financial flexibility to take advantage of growth opportunities and increase our profitability."