8-K

CELESTICA INC 8-K Report (Jun 16, 2004)

Filed June 16, 2004For Securities:CLS

Summary

Celestica Inc. (CLS) filed a Form 6-K on June 16, 2004, reporting on its Third Amended and Restated Revolving Term Credit Agreement dated June 4, 2004. This filing primarily serves to inform the SEC and investors about significant changes and updates to the company's financing arrangements. The core of this report is the incorporation by reference of this material credit agreement, which details the terms and conditions under which Celestica can borrow funds. Investors should note that this filing indicates a significant update to Celestica's debt structure and financing flexibility. The amended and restated credit agreement signifies ongoing management of the company's capital structure, potentially to support operations, acquisitions, or other strategic initiatives. The involvement of multiple major financial institutions as arrangers, agents, and lenders suggests a robust and diversified credit facility.

Key Highlights

  • 1Celestica Inc. filed a Form 6-K on June 16, 2004.
  • 2The report primarily discloses the Third Amended and Restated Revolving Term Credit Agreement, dated June 4, 2004.
  • 3This agreement involves Celestica Inc. and its Designated Subsidiaries.
  • 4Key financial institutions, including CIBC World Markets, RBC Capital Markets, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia, and Banc of America Securities LLC, are involved as arrangers, agents, and lenders.
  • 5The filing incorporates the credit agreement by reference into its SEC filings, prospectuses, and future registration statements.
  • 6This indicates an amendment and restatement of existing credit facilities, suggesting a refinancing or restructuring of Celestica's debt.

Frequently Asked Questions

The main purpose of this Form 6-K filing is to publicly disclose and incorporate by reference Celestica Inc.'s Third Amended and Restated Revolving Term Credit Agreement, dated June 4, 2004. This document outlines significant updates and changes to the company's credit facilities and financing arrangements.

The key parties include Celestica Inc. as the borrower, its Designated Subsidiaries, and several prominent financial institutions acting as Joint Lead Arrangers, Co-Syndication Agents, Administrative Agent, Documentation Agent, and Lenders. These include CIBC World Markets, RBC Capital Markets, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia, and Banc of America Securities LLC.

An 'Amended and Restated' credit agreement means that an existing credit agreement has been modified (amended) and essentially rewritten and consolidated into a new document (restated). This usually happens to update terms, incorporate new lenders or borrowers, adjust borrowing limits, or reflect changes in the company's financial situation and strategic objectives.

This credit agreement is important for investors as it provides insight into Celestica's debt structure, its ability to access capital, and the terms under which it borrows money. Changes to credit facilities can impact the company's financial leverage, liquidity, and its capacity to fund operations, investments, or acquisitions.