Electronics Production |
Jabil secures acquisition with<br>$1 billion bridge credit facility
According to Market Watch Jabil Circuit has entered a $1 bln bridge credit pact.
Jabil Circuit Inc. said yesterday it entered a one-year $1 billion bridge credit facility to help fund its tender offer for Taiwan Green Point Enterprises Ltd. Jabil announced that its acquisition of Green point would cost between $875 million and $900 million depending on the currency exchange rate and the loan would cover those expenses plus the remaining $100 million that would be used for general purposes.