Celestica amends and upsizes credit facility

Celestica Inc. amended its senior credit agreement on April 27, 2026, significantly expanding liquidity and extending debt maturities.

Rhea-AI Filing Summary

Celestica Inc. amended its senior credit agreement on April 27, 2026, significantly expanding liquidity and extending debt maturities. The company increased commitments under its revolving credit facility from $750.0 million to $1,750.0 million and refinanced its existing Term A loan into a new $250.0 million Term A facility.

The new Term A loan was fully drawn at closing, with proceeds used to repay the prior Term A balance of $228.1 million, cover related fees and expenses, and fund general corporate purposes. The maturity of both the Revolver and the new Term A loan was extended from June 2029 to April 2031. Borrowings generally bear interest at variable rates plus a margin ranging from 1.00%–1.75% or 0.05%–0.75%, with current Term SOFR-based U.S. dollar margins at 1.50%. Commitment fees on undrawn Revolver commitments range from 0.100%–0.275%. The amendment keeps customary default provisions and does not add new rights for lenders to demand higher payments or extra collateral.

Insights

Credit and capital structure analyst

Celestica expands revolving credit capacity and pushes debt maturities to 2031.

Celestica increased its revolving credit facility from $750.0 million to $1,750.0 million and refinanced its Term A loan into a new $250.0 million facility. Both the Revolver and the new Term A loan now mature in April 2031, extending the company’s debt profile by nearly two years.

Interest remains tied to benchmark rates plus margins of 1.00%–1.75% or 0.05%–0.75%, with current Term SOFR-based margins at 1.50%. Commitment fees on undrawn Revolver capacity run 0.100%–0.275%, reflecting rating-based pricing. The filing states the amendment does not materially change acceleration triggers or introduce new provisions allowing lenders to demand higher payments or additional collateral.

The new Term A proceeds repaid the prior $228.1 million Term A balance and covered fees, with any remaining funds and Revolver capacity available for general corporate purposes. Future disclosures in periodic reports may clarify how actively Celestica uses the enlarged $1,750.0 million Revolver over time.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Revolver size after amendment: $1,750.0 million Prior revolver size: $750.0 million Outstanding Term A before refi: $228.1 million +5 more

8 metrics

Revolver size after amendment $1,750.0 million Commitments under revolving credit facility after April 27, 2026 amendment

Prior revolver size $750.0 million Commitments under revolving credit facility before amendment

Outstanding Term A before refi $228.1 million Term A loan outstanding at March 31, 2026 before refinancing

New Term A loan amount $250.0 million Principal of new Term A facility fully drawn at closing

Debt maturity extension to April 2031 Revolver and New Term A Loan maturity moved from June 2029

Interest margin range 1.00%–1.75% or 0.05%–0.75% Spread over reference rates depending on currency, rate and rating

Current Term SOFR margin 1.50% Margin on U.S. dollar Term SOFR Revolver and New Term A borrowings

Commitment fee range 0.100%–0.275% Fees on undrawn Revolver commitments based on corporate rating

Key Terms

revolving credit facility, Term A loan facility, Term SOFR, commitment fees, +2 more

6 terms

revolving credit facility financial

"increase the commitments under the Company’s revolving credit facility (“Revolver”) from $750.0 million to $1,750.0 million"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

Term A loan facility financial

"refinance the Company’s existing term A loan facility (“Term A Loan,” $228.1 million outstanding borrowings at March 31, 2026) into a new $250.0 million term A loan facility"

Term SOFR financial

"The current margin applicable to post-closing U.S. dollar Revolver borrowings bearing interest based on the term Secured Overnight Financing Rate (“Term SOFR”) is 1.50%"

Term SOFR is a benchmark interest rate that reflects the cost of borrowing money over a specific period, based on actual transactions in the financial markets. It is used by lenders and borrowers to set the interest rates on loans and financial contracts, helping to ensure rates are fair and transparent. For investors, understanding term SOFR helps gauge borrowing costs and the overall direction of interest rates in the economy.

commitment fees financial

"Commitment fees on undrawn funds available under the Revolver range between 0.100% to 0.275%"

events of default financial

"amounts outstanding may be accelerated upon the occurrence of customary events of default, including, among others, payment default, covenant breach and insolvency"

Events of default are specific breaches or failures listed in a loan, bond, or credit agreement that give lenders the right to act, such as demanding immediate repayment, raising interest rates, or taking secured assets. They matter to investors because triggering one is like setting off a financial alarm: it raises the chance of foreclosure, restructuring, or bankruptcy and can sharply reduce the value of a company’s stock or bonds and increase borrowing costs.

syndicate of lenders financial

"The Amended Credit Facility was provided by a syndicate of lenders, with Bank of America, N.A. acting as Administrative Agent"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Celestica Inc. (CLS) change in its credit facility in April 2026?

Celestica amended its senior credit agreement on April 27, 2026, enlarging its revolving credit facility, refinancing its Term A loan, and extending debt maturities to April 2031. These changes reshape the company’s available liquidity and timing of principal repayment obligations.

By how much did Celestica (CLS) increase its revolving credit facility?

Celestica increased its revolving credit facility commitments from $750.0 million to $1,750.0 million. This $1.0 billion expansion substantially raises the borrowing capacity available for general corporate purposes, subject to the credit agreement’s conditions and pricing grid.

How did Celestica Inc. (CLS) refinance its Term A loan under the amendment?

The company refinanced its existing Term A loan, which had $228.1 million outstanding at March 31, 2026, into a new $250.0 million Term A facility. The new Term A loan was fully drawn at closing, with proceeds used to repay the old loan and related fees.

What are the new maturity dates for Celestica’s amended credit facilities?

The maturity of both the revolving credit facility and the new Term A loan was extended from June 2029 to April 2031. This extension gives Celestica a longer horizon before needing to repay or refinance these senior credit facilities.

What interest margins apply to Celestica’s amended Revolver and Term A loan?

Borrowings under the amended facilities bear variable interest plus a margin ranging from 1.00%–1.75%, or 0.05%–0.75%, depending on currency, rate choice, and corporate rating. The current margin on Term SOFR-based U.S. dollar borrowings is 1.50% for both facilities.

Did Celestica’s credit amendment add new lender protections or collateral requirements?

The filing states the April 2026 amendment does not materially change the circumstances under which obligations may be accelerated and does not add new provisions allowing lenders to demand increased payments or additional collateral beyond customary events of default already in place.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/28/2026 - 08:02 AM EDT Learn about SEC filing dates

false 0001030894 A6 0001030894 2026-04-27 2026-04-27 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the 

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 27, 2026

Celestica Inc.

(Exact name of registrant as specified in its charter)

Ontario, Canada	001-14832	98-0185558
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5140 Yonge Street, Suite 1900 Toronto, Ontario, Canada		M2N 6L7
(Address of principal executive offices)		(Zip Code)

(416) 448-2211

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class		Trading		Name of each exchange on which registered
Common Shares without par value		CLS		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 1.01. Entry into a Material Definitive Agreement.

On April 27, 2026, Celestica Inc. (the “Company”) amended its existing senior credit agreement (the “April 2026 Amendment”) with Bank of America, N.A., as Administrative Agent, and the lenders party thereto to: (1) increase the commitments under the Company’s revolving credit facility (“Revolver”) from $750.0 million to $1,750.0 million; (2) refinance the Company’s existing term A loan facility (“Term A Loan,” $228.1 million outstanding borrowings at March 31, 2026) into a new $250.0 million term A loan facility (“New Term A Loan”); and (3) extend the maturity of the Revolver and the New Term A Loan from June 2029 to April 2031. The New Term A Loan was fully drawn at closing of the April 2026 Amendment. The proceeds of the New Term A Loan were used to repay all amounts outstanding under the refinanced Term A Loan and certain fees and expenses related to the April 2026 Amendment, with any remaining proceeds to be used for general corporate purposes. Amounts drawn under the Revolver are permitted to be used for general corporate purposes.

Under the credit agreement as amended by the April 2026 Amendment (the “Amended Credit Facility”), outstanding borrowings under the Revolver bear interest at varying rates (as specified therein), plus a margin ranging from 1.00% — 1.75%, or from 0.05% — 0.75%, in each case depending on the currency of the borrowings, the rate the Company selects, and the corporate rating of the Company (as defined in the Amended Credit Facility). The current margin applicable to post-closing U.S. dollar Revolver borrowings bearing interest based on the term Secured Overnight Financing Rate (“Term SOFR”) is 1.50%. Commitment fees on undrawn funds available under the Revolver range between 0.100% to 0.275%, depending on the corporate rating of the Company (as defined in the Amended Credit Facility). The New Term A Loan bears interest at varying rates (as specified in the Amended Credit Facility), plus a margin ranging from 1.00% — 1.75%, or from 0.05% — 0.75%, in each case depending on the rate the Company selects and the corporate rating of the Company (as defined in the Amended Credit Facility). The current margin applicable to the New Term A Loan bearing interest based on Term SOFR is 1.50%.

The April 2026 Amendment does not materially modify the circumstances under which obligations under the Amended Credit Facility may be accelerated. As amended, amounts outstanding may be accelerated upon the occurrence of customary events of default, including, among others, payment default, covenant breach and insolvency. The April 2026 Amendment does not introduce any new provisions under the Amended Credit Facility that would permit lenders to require increased payments or additional collateral.

The Amended Credit Facility was provided by a syndicate of lenders, with Bank of America, N.A. acting as Administrative Agent. BofA Securities, Inc. acted as Left Lead Arranger and Left Lead Bookrunner. Canadian Imperial Bank of Commerce and CIBC World Market Corp., Crédit Agricole Corporate and Investment Bank (Canada Branch) and TD Securities acted as Joint Lead Arrangers, Joint Bookrunners and Co-Syndication Agents. BNP Paribas Securities Corp. and Royal Bank of Canada acted as Co-Documentation Agents.

The foregoing description of the April 2026 Amendment and the Amended Credit Facility does not purport to be complete and is qualified in its entirety by reference to the full text of the April 2026 Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosures contained in “Item 1.01. Entry into a Material Definitive Agreement” of this Current Report on Form 8-K are incorporated into this Item 2.03 by reference.

Item 9.01. Financial Statements and Exhibits.

Exhibit No.		Description
10.1		Second Amendment to Amended and Restated Credit Agreement, dated as of April 27, 2026, made by and among Celestica Inc., Celestica International LP and Celestica (USA) Inc., as Borrowers, certain subsidiaries of Celestica Inc. party thereto, as Guarantors, each Lender party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Celestica Inc.
Date: April 28, 2026
	By:	/s/ Douglas Parker
		Name: Douglas Parker
		Title: Chief Legal Officer and Corporate Secretary

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 3.0 MB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB