Jabil Circuit begins tender offer for $300 million 5 7/8% notes

By Angela McDaniels

Tacoma, Wash., July 28 - Jabil Circuit, Inc. has begun a tender offer for any and all of its $300 million principal amount of 5 7/8% senior notes due 2010, according to a company news release.

The company is offering $1,031.25 for each $1,000 principal amount of notes, which includes an early tender premium of $31.25 for each note tendered by the early tender deadline.

Holders will also receive accrued interest up to but excluding the payment date.

The early tender deadline is 5 p.m. ET on Aug. 10, and the offer will expire at midnight ET on Aug. 24.

The offer is subject to customary conditions, including, among other things, a financing condition.

J.P. Morgan Securities Inc. (800 245-8812 or 212 270-3994), Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106) and RBS Securities Inc. (877 297-9832 or 203 897-6145) are the dealer managers, and Ipreo (call Aaron Dougherty at 877 746-3583) is the information agent.

Jabil Circuit is an electronic product solutions company based in St. Petersburg, Fla.

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