Celestica raises $3.45B in equity offering at $310 per share

Celestica Inc. (NYSE: CLS, TSX: CLS) has completed an equity offering of common shares, raising approximately $3.45 billion in gross proceeds before underwriting discounts and expenses, according to a press release from the Toronto-based company.

The offering totaled 11,129,031 common shares at $310 per share, which includes the full exercise of an underwriters' option of 1,451,612 shares. The initial offering size was 9,677,419 shares.

Celestica said net proceeds are expected to be used for working capital, capital expenditure investments, and other general corporate purposes.

BofA Securities and Citigroup served as joint lead bookrunners. TD Securities, CIBC Capital Markets, J.P. Morgan, and RBC Capital Markets acted as joint bookrunners. BNP Paribas, Credit Agricole CIB, MUFG, Scotiabank, Canaccord Genuity, and Stifel served as co-managers.

You May Also Be Interested In

• Ares Capital prices $750M in unsecured notes due 2033
• GameSquare regains Nasdaq minimum bid price compliance
• Smithfield Foods cuts Q3 outlook on fresh pork and hog price pressure