Jabil Announces $300 Million Private Placement Debt Transaction at 4.9%

Proceeds Expected to Repay 7.75% Senior Notes Due in July 2016

ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Jabil Circuit, Inc. (NYSE: JBL), announced that it has entered into a note purchase agreement with certain third parties which it anticipates closing on July 14, 2016 for a private placement of $300 million of senior unsecured notes maturing on June 14, 2023 with an interest rate of 4.9%. The proceeds from the sale of the notes are anticipated to be used to repay Jabil's $312.0 million 7.75% Senior Notes due July 15, 2016. The note purchase agreement contains various covenants similar to those contained in Jabil's senior credit facility. The privately placed notes have not been, and will not be, 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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, including those regarding our anticipated closing of a private placement of senior unsecured notes and our anticipated use of proceeds. The statements in this news release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to: changes in macroeconomic conditions, both in the U.S. and internationally; changes in the interest rate environment; changes in the attractiveness of Jabil's private placement notes to investors; conditions to closing that may not occur; unexpected financial challenges or strategic opportunities; and other risks, relevant factors and uncertainties identified in our Annual Report on Form 10-K for the fiscal year ended August 31, 2015, subsequent Reports on Forms 10-Q and 8-K and our other securities filings. Jabil disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Jabil

Jabil is a product solutions company providing comprehensive electronics design, production and product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 28 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL".

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Jabil Circuit, Inc.
Investor & Media Contact:

Beth Walters, 727-803-3511
Senior Vice President
Investor Relations & Communications

Source: Jabil Circuit, Inc.