Celestica Inc. reports developments in data center infrastructure, advanced technology solutions, and supply chain operations under the CLS ticker on the NYSE and TSX.
Company news commonly covers quarterly and annual results, outlook updates, share repurchases, governance changes, annual meeting matters, and product activity for AI-scale networking. Recent operating themes include Connectivity & Cloud Solutions, Advanced Technology Solutions, DS6000-series 1.6TbE switches, open standards-based Ethernet networking, and collaboration-driven platforms for large-scale AI and machine learning infrastructure.
Celestica has amended and increased its senior secured credit agreement, raising the total facility size to $1.5 billion. The amendment includes upsizing the revolving loan facility to $750 million and introducing new Term A and Term B loans totaling $750 million. The maturity dates for these loans extend to June 2029 and June 2031, respectively. The new loans will bear interest at varying rates based on the company's net leverage ratio. A portion of the proceeds will repay existing loans, with remaining funds available for corporate activities. Bank of America acted as the administrative agent, with several other financial institutions participating as joint lead arrangers and bookrunners.
On May 15, 2024, Celestica (TSX: CLS) (NYSE: CLS) unveiled four new networking switches designed to meet modern business demands. These switches—ES1000, ES1010, ES1050, and EG1050—offer 1GbE and 2.5GbE options, with up to 48 ports, secure access, and advanced features including concurrent Wi-Fi and 5G/LTE support. Each switch supports SONiC and adheres to the Open Compute Project (OCP) standards, emphasizing scalability, efficiency, and sustainability. The new switches come in a compact 1U form factor with redundant, field-replaceable components for high reliability. Celestica will showcase these at the ONUG Spring Summit on May 15-16.
Aviz Networks and Celestica Inc. have announced a partnership to enhance SONiC networking solutions. The collaboration aims to provide advanced networking solutions for SONiC and GenAI, offering customers unprecedented control and flexibility at the fabric level. Celestica's expertise in compute and connectivity solutions combined with Aviz Networks' innovative software stack will streamline SONiC-based network deployments.
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