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Electronics Production | December 29, 2006

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.
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