Celestica readies launch of $350 million term loan B for Tuesday

By Sara Rosenberg

New York, June 4 – Celestica Inc. is set to hold a lender call at 1 p.m. ET on Tuesday to launch a $350 million seven-year covenant-light term loan B, according to a market source.

Bank of America Merrill Lynch and Citigroup Global Markets Inc. are the lead arrangers on the deal.

Proceeds will be used to repay the company’s existing credit facilities.

Celestica is a Toronto-based designer and manufacturer of electronic components.

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