JABIL INC 8-K

What Happened
Jabil Inc. announced on January 23, 2026, that it issued $500 million aggregate principal of 4.200% Senior Notes due February 1, 2029, and $500 million aggregate principal of 4.750% Senior Notes due February 1, 2033 (total $1.0 billion) in an underwritten public offering. The notes were established under an Officers’ Certificate supplementing the company's Indenture and were issued pursuant to Jabil’s Form S-3 registration statement and a prospectus supplement. Interest on both series is payable semi‑annually beginning August 1, 2026.

Key Details

• Total issued: $1.0 billion (two series of $500M each).
• 2029 Notes: 4.200% interest, maturity Feb 1, 2029; interest paid Feb 1 and Aug 1.
• 2033 Notes: 4.750% interest, maturity Feb 1, 2033; interest paid Feb 1 and Aug 1.
• Notes are unsecured and rank equally with Jabil’s other senior unsecured indebtedness.
• Redemption: Company may redeem prior to set dates at 100% plus a make‑whole premium; after specified dates may redeem at 100% plus accrued interest.
• Change of control: Company may be required to repurchase notes at 101% of principal upon a defined Change of Control Repurchase Event.
• Covenants in the Indenture limit certain liens, sale‑leasebacks, additional funded debt for restricted subsidiaries, guarantees by subsidiaries, and certain mergers/consolidations.
• Underwriting and legal documentation: Offering sold under an Underwriting Agreement led by BNP Paribas, Citigroup, Credit Agricole and SMBC Nikko; legal opinion (Gibson, Dunn & Crutcher) and related exhibits were filed with the 8‑K.

Why It Matters
This filing shows Jabil is taking on $1.0 billion of additional senior unsecured debt at fixed interest rates, which will increase interest expense and leverage until repayment or redemption. The notes’ unsecured, pari passu status means they rank alongside other senior unsecured creditors (not secured lenders). The covenants and change‑of‑control repurchase provision set limits and potential obligations that investors should be aware of when evaluating Jabil’s capital structure and credit profile.