...April 20, 2022 NEW YORK (S&P Global Ratings) April 20, 2022--Global outsourced manufacturing services and solutions provider Jabil Inc. (###-/Stable/A-3) plans to issue a green bond to refinance its $500 million senior notes due Sept. 15, 2022 and pay any applicable transaction expenses. Additionally, the company intends to allocate an amount equal to the net proceeds to finance or refinance eligible expenditures under its Green Financing Framework. We assigned our '###-' rating to the proposed notes. The issue rating reflects our expectation for immaterial priority and secured debt in the capital structure and the notes' unsecured senior ranking. All our ratings on Jabil, including our '###-' long-term issuer credit rating and 'A-3' short-term credit and commercial paper ratings, are unchanged. The ratings reflect Jabil's leading market position, global manufacturing scale, countercyclical cash flow generation, and low adjusted leverage compared to that of similarly rated peers. Our rating...
