Summary
Celestica Inc. (CLS) has announced a significant equity offering, successfully raising approximately $3.39 billion in net proceeds. This offering involved the sale of 9,677,419 common shares at $310.00 per share, with an additional 1,451,612 shares purchased by underwriters through an exercised option. The capital raised is intended for bolstering working capital, funding capital expenditure investments, and supporting general corporate objectives. The company entered into an underwriting agreement with a syndicate of underwriters, including Citigroup Global Markets Inc., BofA Securities, Inc., and TD Securities Inc. This issuance was conducted under a previously filed Form S-3 registration statement, utilizing a prospectus supplement dated August 5, 2026. The terms of the underwriting agreement include standard representations, warranties, conditions, indemnification, and termination clauses.
Key Highlights
- 1Celestica Inc. raised approximately $3.39 billion in net proceeds from a common share offering.
- 2The offering consisted of 9,677,419 common shares sold at $310.00 per share.
- 3Underwriters exercised their option to purchase an additional 1,451,612 common shares.
- 4Proceeds will be used for working capital, capital expenditures, and general corporate purposes.
- 5The offering was executed under a Form S-3 registration statement.
- 6Key underwriters include Citigroup Global Markets Inc., BofA Securities, Inc., and TD Securities Inc.