secwatch / observer
8-K filed February 26, 2024, 6:59 PM ET ticker JBL CIK 0000898293
debt confidence high sentiment neutral materiality 0.35

JABIL INC (JBL): debt financing — Jabil extends credit facility maturities by one year; sustainability rate adjustments amended

JABIL INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

JABIL INC amended revolving credit with Citibank, N.A. (as administrative agent) maturing Three-Year Revolving Credit Facility extended to January 22, 2026; Five-Year Revolving Credit Facility extended to January 22, 2028.

Instrument
revolving credit
Counterparty
Citibank, N.A. (as administrative agent)
Maturity
Three-Year Revolving Credit Facility extended to January 22, 2026; Five-Year Revolving Credit Facility extended to January 22, 2028
Event
amendment
Exact text from the filing
The Amendment, among other things, (i) instituted certain amendments to the sustainability-linked adjustments to the interest rates applicable to borrowings under the Company’s three-year revolving credit facility (the “Three-Year Revolving Credit Facility”) and the Company’s five-year revolving credit facility (the “Five-Year Revolving Credit Facility”) and (ii) extended the termination date of the Three-Year Revolving Credit Facility (with respect to the available commitments of the extending lenders) from January 22, 2025 to January 22, 2026, and of the Five-Year Revolving Credit Facility (with respect to the available commitments of the extending lenders) from January 22, 2027 to January 22, 2028, in each case subject to an additional one-year extension at the option of the Company.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

JABIL INC amended Amendment with Citibank, N.A., as administrative agent; Sumitomo Mitsui Banking Corporation and Citibank, N.A., as sustainability agents; JPMorgan Chase Bank, N.A. and Bank of America, N.A., as co-syndication agents; BNP Paribas, Credit Agricole Corporate and Investment Bank, Mizuho Bank, Ltd., Sumitomo Mitsui Ban (effective 2024-02-23).

Action
amendment
Agreement
credit facility
Counterparty
Citibank, N.A., as administrative agent; Sumitomo Mitsui Banking Corporation and Citibank, N.A., as sustainability agents; JPMorgan Chase Bank, N.A. and Bank of America, N.A., as co-syndication agents; BNP Paribas, Credit Agricole Corporate and Investment Bank, Mizuho Bank, Ltd., Sumitomo Mitsui Ban
Effective
2024-02-23
Exact text from the filing
On February 23, 2024, Jabil Inc. (the “Company”) entered into an amendment (the “Amendment”) to its senior unsecured credit agreement dated as of January 22, 2020
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-24-046332
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