Item 1.01. Entry into a Material Definitive Agreement.
On
Under the Amendment, the applicable margin and applicable percentage are subject to upward or downward adjustments if the Company achieves, or fails to achieve, certain specified sustainability targets with respect to greenhouse gas emissions and certain environmental, health and safety metrics. Such upward or downward sustainability adjustments may be up to 4 basis points per annum in the case of the applicable margin and up to 1 basis point per annum in the case of the applicable percentage.
Certain of the lenders under the Company's credit facilities and their affiliates have various other relationships with the Company and its subsidiaries involving the provision of financial services, including cash management, loans, letter of credit and bank guarantee facilities, investment banking and trust services. The Company and certain of its subsidiaries have entered into foreign exchange contracts and other derivative arrangements with certain of the lenders and their affiliates.
The foregoing descriptions of the Amendment and the Agreement are not complete
and are qualified in their entirety by reference to the Amendment, which is
filed as Exhibit 10.1 to this Current Report on Form 8-K, and the Agreement,
which was included as Exhibit 10.1 to our Current Report on Form 8-K filed on
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information included in Item 1.01 of this Report is incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Amendment No. 1 to Credit Agreement dated as ofApril 28, 2021 amongJabil Inc. ; the lenders named therein;Citibank, N.A ., as administrative agent;Sumitomo Mitsui Banking Corporation andCitibank, N.A ., as sustainability agents;JPMorgan Chase Bank, N.A . andBank of America, N.A ., as co-syndication agents;BNP Paribas ,Mizuho Bank, Ltd. ,MUFG Bank, Ltd. ,Sumitomo Mitsui Banking Corporation andU.S. Bank National Association , as documentation agents; andCitibank, N.A .,JPMorgan Chase Bank, N.A .,BofA Securities, Inc. ,BNP Paribas Securities Corp. ,Mizuho Bank, Ltd. ,MUFG Bank, Ltd. ,Sumitomo Mitsui Banking Corporation andU.S. Bank National Association , as joint lead arrangers and joint bookrunners 104 Cover Page Interactive Data File, formatted in Inline XBRL
--------------------------------------------------------------------------------
© Edgar Online, source