Jabil refinances debt
April 8, 2021 - Jabil, the largest company headquartered in St. Petersburg, is issuing $500 million in senior notes in an offering expected to close April 14. Jabil (NYSE: JBL), a manufacturing services company, intends to use the net proceeds from the offering for general corporate purposes, including the repayment of its $300 million term loan facility, a news release said. Raymond James Financial (NYSE: RJF) in St. Petersburg and Bloomin' Brands (NASDAQ: BLMN), a Tampa company that operates Outback Steakhouse and other restaurant concepts, have taken similar steps recently. Raymond James issued $75 million in senior notes last month while Bloomin' Brands is issuing $300 million in senior notes.