8-K

CELESTICA INC 8-K Report (Nov 6, 2014)

Filed November 6, 2014For Securities:CLS

Summary

Celestica Inc. filed a Form 6-K on November 6, 2014, primarily to report the execution of its Seventh Amended and Restated Revolving Term Credit Agreement, dated October 28, 2014. This agreement details Celestica's updated financing arrangements with a syndicate of lenders, led by Canadian Imperial Bank of Commerce as Administrative Agent. The filing incorporates this credit agreement by reference into all effective registration statements, making it a key document for understanding the company's debt structure and liquidity post-agreement. For investors, this filing signifies an update to Celestica's capital structure and borrowing capacity. The specifics of the credit agreement, although not fully disclosed in this brief report, would typically outline the terms, covenants, interest rates, and maturity dates of the company's revolving term credit facility. Understanding these terms is crucial for assessing the company's financial flexibility, its ability to fund operations and growth initiatives, and its overall financial risk profile.

Key Highlights

  • 1Celestica Inc. filed a Form 6-K on November 6, 2014.
  • 2The filing's primary purpose is to report a material event: the execution of a new credit agreement.
  • 3Exhibit 4.17 is the Seventh Amended and Restated Revolving Term Credit Agreement, dated October 28, 2014.
  • 4The agreement involves Celestica Inc. and its subsidiaries as borrowers.
  • 5Canadian Imperial Bank of Commerce (CIBC) is the Administrative Agent, Co-Lead Arranger, and Sole Bookrunner.
  • 6Other financial institutions, including RBC Capital Markets and Merrill Lynch Pierce Fenner & Smith Incorporated, are also involved as arrangers and agents.
  • 7This credit agreement is incorporated by reference into Celestica's effective SEC registration statements, impacting future financial disclosures.

Frequently Asked Questions

The main purpose of this Form 6-K filing is to report the execution of Celestica Inc.'s Seventh Amended and Restated Revolving Term Credit Agreement, dated October 28, 2014. This document updates the company's primary credit facility.

The key financial institutions include Canadian Imperial Bank of Commerce (CIBC) as the Administrative Agent, Co-Lead Arranger, and Sole Bookrunner. RBC Capital Markets is involved as Co-Lead Arranger and Co-Syndication Agent, and Merrill Lynch Pierce Fenner & Smith Incorporated is a Co-Syndication Agent.

This credit agreement is important for investors as it details Celestica's updated debt structure and borrowing capacity. It affects the company's financial flexibility, its ability to manage operations, fund strategic initiatives, and its overall financial risk profile. The terms of the agreement would provide insight into covenants, interest rates, and maturity dates.

Incorporated by reference means that the details of the Seventh Amended and Restated Revolving Term Credit Agreement are legally considered part of Celestica's other SEC filings, such as registration statements. This makes the credit agreement a key reference document for investors looking at Celestica's financial health and structure.