Jabil Announces Pricing of $600 Million Aggregate Principal Amount of 3.000% Senior Notes Due 2031
July 06 2020 - 5:43PM
Business Wire
Jabil Inc. (NYSE: JBL) today announced the pricing of its
offering of $600 million aggregate principal amount of its 3.000%
Senior Notes due 2031 (the “Offering”). Jabil anticipates that the
closing of the Offering will occur on July 13, 2020, subject to
customary closing conditions. Jabil intends to use the net proceeds
from the Offering for general corporate purposes, including to
redeem $400 million aggregate principal amount of its outstanding
5.625% Senior Notes due 2020 (the “2020 Notes”) and pay any
applicable “make-whole” premium, accrued and unpaid interest, fees
and expenses with respect thereto. On or about July 7, 2020, a
notice of redemption will be delivered to holders of the 2020 Notes
stating that the entire principal amount of the 2020 Notes will be
redeemed on August 6, 2020.
About Jabil:
Jabil (NYSE: JBL) is a manufacturing solutions provider that
delivers comprehensive design, manufacturing, supply chain and
product management services. Leveraging the power of over 200,000
people across 100 sites strategically located around the world,
Jabil simplifies complexity and delivers value in a broad range of
industries, enabling innovation, growth and customer success.
Additional Information:
Jabil has filed a registration statement (including a
prospectus) and a prospectus supplement with the Securities
Exchange Commission (the “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. This release does not constitute a notice a
redemption with respect to the 2020 Notes. 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’s
website at www.sec.gov. 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, our
anticipated use of proceeds, and the redemption of the 2020 Notes.
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, 2019 and our other filings with the SEC. We assume
no obligation to update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200706005591/en/
Investor Contact: Adam Berry Vice President, Investor
Relations adam_berry@jabil.com
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