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BofA Agents New $800MM Facility for Celestica

June 28, 2018

Celestica entered into a new $800 million credit facility with a syndicate of lenders and Bank of America as administrative agent.

The facility consists of a $350 million term loan and a $450 million revolving credit facility and will replace the company’s existing bank credit facility that was due to mature in May 2020. It includes an accordion feature, which will permit the company to increase the aggregate term or revolving loan commitments thereunder on an uncommitted basis, under specified circumstances and subject to certain conditions.

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