Funding the Future
Celestica Inc. has successfully concluded an equity offering that generated $3.45 billion in gross proceeds, excluding underwriting discounts and other associated costs. The company issued 11,129,031 common shares, with an additional 1,451,612 shares sold under the underwriters' option. This move marks a significant financial boost for the company.
Each share was priced at $310, a figure consistent with the initial announcement. The funds raised will be allocated to various operational aspects, including addressing working capital needs, capital expenditures, and other general corporate purposes, thereby supporting Celestica's strategic growth initiatives.
The underwriting team for the offering includes BofA Securities and Citigroup, who are serving as joint lead bookrunners. TD Securities, CIBC Capital Markets, J.P. Morgan, and RBC Capital Markets are also participating in the underwriting process. Additional co-managers involved in the offering are BNP Paribas, Credit Agricole CIB, MUFG, Scotiabank, Canaccord Genuity, and Stifel.
About Celestica
Celestica is recognized as a leader in the field of data center infrastructure and advanced technology solutions. The company offers a range of services including design, engineering, manufacturing, supply chain, and platform solutions. This expertise positions Celestica to support critical infrastructure for AI, cloud, and hybrid cloud technologies.
By leveraging a skilled team and a strategically positioned global network, Celestica aims to deliver competitive advantages to its clients in rapidly growing markets. This focus on innovation and customer success underscores the company's commitment to market advancements and leadership in the technology sector.
For those interested in learning more about Celestica, detailed information is available on the company's website at www.celestica.com. For investors and stakeholders, securities filings can be accessed through SEDAR+ at www.sedarplus.ca and the U.S. Securities and Exchange Commission's website at www.sec.gov. These resources provide important information related to the company and its offerings.
The company has filed a final base shelf prospectus and a final prospectus supplement with the securities regulatory authorities in Canada. These documents, along with any amendments, are accessible through SEDAR+ and can be reviewed for detailed insights. In the United States, an automatic shelf registration statement has been filed with the SEC, and the final prospectus supplement is also available there.
Interested parties can obtain free copies of these documents by visiting EDGAR on the SEC website or by contacting various financial institutions in Canada and the United States. It is important to note that no securities regulatory authority has approved or disapproved the contents of this press release. This document does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction where such an action would be unlawful prior to proper registration and qualification under relevant securities laws.
For further inquiries and to obtain copies of the documents, individuals can reach out to specified contacts in Canada or the United States through the provided addresses and contact information. These resources ensure that all interested parties have access to the necessary information regarding the offering and the company.