Jabil Announces $300M Private Placement Debt Transaction


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Jabil Circuit Inc. has entered into a note purchase agreement with certain third parties which it anticipates closing on July 14, 2016 for a private placement of $300 million of senior unsecured notes maturing on June 14, 2023 with an interest rate of 4.9%.

The proceeds from the sale of the notes are anticipated to be used to repay Jabil's $312 million 7.75% Senior Notes due July 15, 2016. The note purchase agreement contains various covenants similar to those contained in Jabil's senior credit facility.

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