Celestica amends credit facility to add $250 million term loan

By Susanna Moon

Chicago, June 2 – Celestica Inc. amended its credit facility to add a $250 million term loan to its existing $300 million revolving credit facility, according to a press release.

The company also extended the maturity date of the amended and restated facility to May 29, 2020.

At closing, the full amount was drawn to fund the company’s modified Dutch auction substantial issuer bid to purchase up to $350 million of its subordinate voting shares offer, which expired on June 1, the release noted.

Canadian Imperial Bank of Commerce is the co-lead arranger, sole bookrunner and administrative agent for the credit facility. RBC Capital Markets is co-lead arranger and, along with BofA Merrill Lynch, a co-syndication agent.

Celestica is a Toronto-based electronics manufacturing services company.

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