Jabil authorized to retire $300 million 5 7/8% notes, but none bought

By Susanna Moon

Chicago, July 6 - Jabil Circuit, Inc. has been authorized to retire its $300 million of 5 7/8% senior notes - but so far none have been repurchased, according to a 10-Q filing with the Securities and Exchange Commission.

The company's board of directors authorized retiring the notes through privately negotiated deals and/or a cash tender offer in April.

The company did not specify in the filing why it failed to retire the notes.

Jabil Circuit is a St. Petersburg, Fla., company providing electronics design, manufacturing and product management services to electronics and technology companies.

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