ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jan. 12, 2018--
Jabil (NYSE: JBL) today announced the pricing of its offering of $500
million aggregate principal amount of 3.95% Senior Notes due 2028 (the
"Offering"). Jabil anticipates that the closing of the Offering will
occur on January 17, 2018, subject to customary closing conditions.
Jabil intends to use the net proceeds from the Offering for general
corporate purposes, including to redeem $400.0 million aggregate
principal amount of its outstanding 8.25% Senior Notes due 2018 and pay
the related “make-whole” premium.
Jabil (NYSE: JBL) is a product solutions company providing comprehensive
design, manufacturing, supply chain and product management services.
Operating from over 100 facilities in 29 countries, Jabil delivers
innovative, integrated and tailored solutions to customers across a
broad range of industries.
Nothing in this release should be construed as a notice of redemption
with respect to the 8.25% Senior Notes due 2018. Jabil has filed a
registration statement (including a prospectus) and a prospectus
supplement with the Securities Exchange Commission (“SEC”) relating to
the Offering. This release does not constitute an offer to sell or the
solicitation of an offer to buy these securities nor shall there be any
sale of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. Any
offering of securities will be made only by means of the prospectus in
that registration statement and the related prospectus supplement. These
documents can be obtained for free by visiting EDGAR on the SEC Web site
Alternatively Jabil will arrange to send you the prospectus and related
prospectus supplement if you request them by calling (727) 577-9749.
This news release contains forward-looking statements, including those
regarding our anticipated closing of the Offering and our anticipated
use of proceeds. The statements in this release are based on current
expectations, forecasts and assumptions involving risks and
uncertainties that could cause actual outcomes and results to differ
materially from our current expectations. Factors that could cause such
differences can be found in our Annual Report on Form 10-K for the
fiscal year ended August 31, 2017 and our other filings with the SEC. We
assume no obligation to update these forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180112005270/en/
Source: Jabil Circuit, Inc.
Investor & Media Contact:
Beth Walters, 727-803-3511
Investor Relations & Communications