Solectron Obtains Commitment for $500 Million of Credit Facilities

		SOLECTRON LOGO Solectron (www.solectron.com), the world's leading supply-chain facilitator, provides a full range of manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new-product design and introduction services, materials management, high-tech product manufacturing, and product warrantyand end-of-life support. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award for manufacturing. (PRNewsFoto)[AG JL] MILPITAS, CA USA

MILPITAS, Calif., Dec. 18 /PRNewswire/ -- Solectron Corporation (NYSE: SLR), the world's leading provider of electronics manufacturing and supply-chain services, today said it has received a commitment for $500 million of revolving credit facilities. (Photo: http://www.newscom.com/cgi-bin/prnh/20001201/SLRLOGO ) The sole lead arranger and syndication agent for the credit facilities is Goldman Sachs Credit Partners L.P. The company said it has received bank commitments for the facilities and expects to close on it during the first quarter of calendar 2002. "This is an important element of a comprehensive plan that meets our near-term debt obligations and strengthens our capital structure to support the company's initiatives to deliver long-term, profitable growth," said Kiran Patel, executive vice president and chief financial officer for Solectron. About Solectron Solectron (http://www.solectron.com) provides a full range of global manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new-product design and introduction services, materials management, high-tech product manufacturing, and product warranty and end-of-life support. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award. Safe Harbor This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve a number of risks and uncertainties. Specific forward-looking statements include the anticipated timing for completing the credit facilities, and the company's initiatives to generate profitable growth in the future. In particular, Solectron's use of the facility is subject to various risks, including prevailing conditions in the public capital markets; the satisfaction of various conditions, such as consents from the company's existing lenders; and the completion of the offering of $1 billion of Adjustable Conversion-Rate Equity Securities units and at least $500 million of unsecured fixed-rate debt. There can be no assurance that those offerings will be successfully completed. Other potential risks that could cause actual events to differ materially are included in filings with the Securities and Exchange Commission filings, including Forms 8-K, 10-K, 10-Q, S-3 and S-4 for Solectron Corporation. Solectron disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT: Kevin Whalen, +1-408-956-6854, or kevinwhalen@ca.slr.com, or analysts, Thomas Alsborg, +1-408-956-6614, or thomasalsborg@ca.slr.com, both of Solectron Corporation.