On July 14, 2003, Standard&Poor's Ratings Services assigned its 'BB+' rating to Jabil Circuit Inc.'s proposed $300 million senior unsecured notes due 2010 and its 'BB+' senior unsecured bank loan rating to the company's $400 million revolving credit facility due 2005. At the same time, Standard&Poor's affirmed Jabil's 'BB+' corporate credit and other ratings. The outlook remains stable. Jabil's $400 million credit facility amends and replaces its existing $600 million credit facility. Proceeds from the notes issue would be used to repay the company's $100 million outstanding term loan, issued under the existing facility, and to fund working capital and possible acquisitions. Pro forma for the notes issue and term loan repayment, St. Petersburg, Fla.-based Jabil
