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Celestica Inc. announces cash tender offer for its 7.875% Senior Subordinated Notes due 2011
(All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless no...
About this update from Celestica Inc.
[{"type":"text","content":"\n\n\n\n(All amounts in U.S. dollars. Per share information based on diluted\nshares outstanding unless noted otherwise.)\n\n\nTORONTO, Feb. 26 /CNW/ - Celestica Inc. ("Celestica") (NYSE, TSX: CLS), a\nglobal leader in the delivery of end-to-end product lifecycle solutions, today\nannounced the commencement of a modified "Dutch Auction" tender offer (the\n"Offer") for a portion of its outstanding 7.875% Senior Subordinated Notes due\n2011 (the "Notes"). A summary of the offer is outlined below:\n\n\n-------------------------------------------------------------------------\n Total\n Principal Early Consideration\nTitle of CUSIP Amount Tender Tender Acceptable\nSecurity Number Outstanding(1) Cap Payment(2) Range(2)(3)\n-------- ------ -------------- ------ ---------- -------------\n\n7-7/8% 15101QAB4 $489,435,000 $150,000,000 $20 $960 to $1,010\nSenior\nSubordi-\nnated\nNotes\ndue\n2011\n\n(1) Aggregate principal amount outstanding as of February 26, 2009.\n(2) Per $1,000 principal amount of Notes accepted for purchase.\n(3) Includes the Early Tender Payments.\n\n\nCelestica is offering to purchase, for cash, up to $150,000,000 (the\n"Tender Cap") in aggregate principal amount of the Notes, in accordance with\nthe modified Dutch Auction procedures, described below. As of February 26,\n2009, approximately $489.4 million aggregate principal amount of Notes were\noutstanding.\n\n\nThe Offer will expire at 5:00 p.m. New York City time on March 26, 2009,\nunless extended or earlier terminated by Celestica (such date and time, as the\nsame may be extended, the "Expiration Date"). The Offer is subject to the\nsatisfaction of certain conditions as described in the offer to purchase dated\nFebruary 26, 2009 (as it may be amended or supplemented from time to time, the\n"Offer to Purchase") and related letter of transmittal (as it may be amended\nor supplemented from time to time, the "Letter of Transmittal"). Holders must\nvalidly tender and not validly withdraw their Notes at or prior to 5:00 p.m.,\nNew York City time on March 11, 2009, unless extended by Celestica (such date\nand time, as the same may be extended, the "Early Tender Date"), in order to\nbe eligible to receive the Total Consideration for their Notes.\n\n\nThe "Total Consideration&...