JBL - Jabil raises $500M via inaugural green bond offering

Jabil (NYSE:JBL) on Wednesday priced $500M of 4.250% senior notes due 2027 in its inaugural green bond offering. The manufacturing solutions provider said it intends to use the net proceeds from the offering to repay its outstanding 4.700% senior notes due 2022. JBL also intends to allocate an amount equal to the net proceeds from the offering for expenditures related to eco-efficient products, waste and water diversion, renewable energy, reducing the environmental impact of operations, green buildings and clean transportation. The offering is expected to close on May 4, 2022. JBL stock earlier closed +1.6% at $59.60. It is down 15.3% YTD.

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Jabil raises $500M via inaugural green bond offering