Jabil gets $1.2 billion amended and restated credit facility

By Sara Rosenberg

New York, July 25 - Jabil Circuit Inc. closed on a $1.2 billion amended and restated senior unsecured five-year credit facility, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

Citicorp is the administrative agent, JPMorgan is syndication agent, and The Royal Bank of Scotland, Royal Bank of Canada, Bank of America, UBS and Credit Suisse are documentation agents.

The facility, which was completed on July 19, consists of an $800 million revolver and a $400 million term loan.

Pricing can range from Libor plus 37.5 to 175 basis points, depending on ratings, with the initial rate set at Libor plus 62.5 bps.

Proceeds are being used to refinance existing debt.

Jabil is a St. Petersburg, Fla., provider of electronic manufacturing services.

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