Jabil announces pricing of $ 500 million aggregate principal amount of 1.700% senior notes due 2026
Jabil Inc. (NYSE: JBL) (âJabilâ) today announced the price of its offering for a total principal amount of $ 500 million of its 1.700% senior bonds due 2026 (the “Offer”). Jabil expects the Offer to close on April 14, 2021, subject to customary closing conditions. Jabil intends to use the net proceeds of the offering for general corporate purposes, including the repayment of its $ 300.0 million term loan facility.
About Jabil: Jabil is a manufacturing solutions provider with more than 260,000 employees at 100 sites in 30 countries. The world’s leading brands leverage on Jabil’s unparalleled breadth and depth of end-market experience, engineering and design capabilities, manufacturing know-how, supply chain knowledge and its global expertise in product management. Driven by a common goal, Jabil and its residents are committed to having a positive impact on their local community and the environment.
Additional information: Jabil has filed a registration statement (including a prospectus) and a prospectus supplement with the Securities Exchange Commission (the âSECâ) relating to the Offer. This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such 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 such jurisdiction. Any offering of securities will be made only by means of the prospectus set out in this registration statement and the related prospectus supplement. These documents can be obtained free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, Jabil will arrange to send you the prospectus and related prospectus supplement if you request them by contacting Jabil at (727) 577-9749 or 10560 Dr. Martin Luther King Jr. Street North, St. Petersburg, Florida , 33716.
This press release contains forward-looking statements, including those regarding the early closing of the offering and the anticipated use of the proceeds. The statements contained in this press release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual results to differ materially from current expectations. Factors that could cause such differences can be found in Jabil’s annual report on Form 10-K for the fiscal year ended August 31, 2020 and in other documents Jabil filed with the SEC. Jabil assumes no obligation to update these forward-looking statements.
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Vice-President, Investor Relations