Celestica Boosts Credit Facility to $1.5 Billion

Celestica (TSE:CLS) has released an update.

Celestica Inc. has expanded its financial capacity through an amended credit agreement, now boasting a $1.5 billion facility to fuel its growth ambitions. The company has increased its revolving loan limit to $750 million and extended its maturity to 2029, while also restructuring its term loans, replacing previous debts with new Term A and B loans totaling the same amount, maturing in 2029 and 2031 respectively. These strategic financial maneuvers, supported by a syndicate of banks, are set to provide Celestica with a robust foundation for its ongoing and future corporate endeavors.

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