Jabil to Issue $250 Million of Senior Unsecured Notes

Jabil Circuit, Inc. (NYSE:JBL) announced that it has priced an offering of $250 million principal amount of its 8.25% senior unsecured notes due 2018. The Senior Notes will be issued at a price of 99.965 percent of par and will mature on March 15, 2018. The terms of the notes include an interest rate adjustment provision that provides that the interest rate on the notes will be subject to adjustment upon the occurrence of certain specified changes in one or more of the ratings of Jabil's debt securities. The net proceeds from the sale of the notes will be used to repay a portion of Jabil's outstanding borrowings under the revolving credit portion of its five year unsecured credit facility. The transaction is expected to close on January 16, 2008.

The notes have been offered only to qualified institutional buyers in reliance on Rule 144A, under the Securities Act of 1933, as amended, and in offshore transactions pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.