Item 1.01. Entry into a Material Definitive Agreement.

On April 28, 2021, Jabil Inc. (the "Company") entered into an amendment (the "Amendment") to its senior unsecured credit agreement dated as of January 22, 2020 among the Company; the initial lenders named therein; Citibank, N.A., as administrative agent; Sumitomo Mitsui Banking Corporation and Citibank, N.A., as sustainability agents; JPMorgan Chase Bank, N.A. and Bank of America, N.A., as co-syndication agents; BNP Paribas, Mizuho Bank, Ltd., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation and U.S. Bank National Association, as documentation agents; and Citibank, N.A., JPMorgan Chase Bank, N.A., BofA Securities, Inc., BNP Paribas Securities Corp., Mizuho Bank, Ltd., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation and U.S. Bank National Association, as joint lead arrangers and joint bookrunners (the "Agreement"). The Amendment, among other things, (i) increased the commitments available under the three-year revolving credit facility (the "Three-Year Revolving Credit Facility") from an initial amount of $700.0 million, or its currency equivalent, to $1,200.0 million, or its currency equivalent, (ii) gave effect to the Company's repayment of its $300.0 million term loan facility, (iii) instituted certain sustainability-linked adjustments to the interest rates applicable to borrowings under the Three-Year Revolving Credit Facility and the Company's five-year revolving credit facility (the "Five-Year Revolving Credit Facility") and (iv) extended the termination date of the Three-Year Revolving Credit Facility (with respect to the available commitments of the extending lenders) from January 22, 2023 to January 22, 2024, and of the Five-Year Revolving Credit Facility (with respect to the available commitments of the extending lenders) from January 22, 2025 to January 22, 2026, in each case subject to certain additional one-year extensions at the option of the Company. Subject to the foregoing provisions of the Amendment, no other material changes were made to the Agreement and it remains in full force and effect.

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 January 28, 2020, each of which is incorporated by reference herein.

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 of April 28, 2021
                  among Jabil Inc.; the lenders named therein; Citibank, N.A., as
                  administrative agent; Sumitomo Mitsui Banking Corporation and
Citibank, N.A., as sustainability agents; JPMorgan Chase Bank,
                  N.A. and Bank of America, N.A., as co-syndication agents; BNP
                  Paribas, Mizuho Bank, Ltd., MUFG Bank, Ltd., Sumitomo Mitsui
                  Banking Corporation and U.S. Bank National Association, as
                  documentation agents; and Citibank, N.A., JPMorgan Chase Bank,
                  N.A., BofA Securities, Inc., BNP Paribas Securities Corp., Mizuho
                  Bank, Ltd., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation
                  and U.S. Bank National Association, as joint lead arrangers and
                  joint bookrunners

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