TEXT - Fitch comments on Jabil acquisition of Nypro
February 04, 2013 at 15:21 PM EST
Feb 4 - Fitch Ratings does not expect Jabil Circuit, Inc.'s (Jabil) ratings to be impacted by the company's planned acquisition of Nypro Inc. (Nypro) for $665 million. Jabil has stated it expects to fund the acquisition through a combination of existing cash balances and borrowings under its credit facility. As of Nov. 30, 2012, Jabil had $1 billion in cash (only a portion of which is available to the company) and a fully available $1.3 billion senior unsecured credit facility expiring Ma