August 3, 2009 (FinancialWire) — Jabil Circuit, Inc. (NYSE: JBL) has priced an offering of $312 million 7.75% senior unsecured notes due 2016. These notes will be issued at a price of 96.143% of par resulting in a yield to maturity of 8.50%. J.P. Morgan Securities (NYSE: JPM), Citigroup Global Markets (NYSE: C) and RBS Securities acted as joint book-running managers.

The company said that the closing of the offering is scheduled to occur on August 11.

Jabil plans to use all or a portion of the net proceeds to pay for any of its $300 million 5.875% senior notes due July 15, 2010 that are tendered in connection with a tender offer the company launched late last monthy, along with the accrued interest and associated fees and expenses.

The company said it will use any remaining net proceeds for general corporate purposes.

St. Petersburg, Florida-based Jabil provides electronics design, manufacturing and product management services to global electronics and technology companies.

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