Jabil Inc. gets $3.2 billion line of credit after expansion announced

St. Petersburg technology giant Jabil took out a massive line of credit a day after publicly announcing a $500 million expansion.

The $3.2 billion five-year revolving credit facility was issued June 18 and announced in a U.S. Securities & Exchange Commission filing sent to investors Tuesday evening. The expansion was announced June 17.

The company did not say in the disclosure what the money is for and in an email Wednesday morning a Jabil spokesperson wrote that, “At this time, we don't have any additional details to share beyond what was in the 8K.”