TORONTO -- Celestica today announced that it has entered into a new $800 million credit facility, which will be used to repay existing debt, buy outstanding shares and for possible acquisitions.

The credit facility consists of a $350 million term loan and a $450 million revolving credit facility. The new credit facility also includes an accordion feature, which will permit the company to increase the aggregate term or revolving loan commitments on an uncommitted basis, under specified circumstances and subject to certain conditions. 

The EMS firm is using a syndicate of lenders and Bank of America as administrative agent. 

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