Q: Anything in the cc to account for the drop after the the jump at the opening?
Thx
Thx
5i Research Answer:
The drop yesterday was on news that CLS amended its existing senior secured credit agreement, upsizing of the total facility to US$1.5B. The company pretty much took on more debt and an increased its revolver from $600M to $750M. The company stated that this will 'support continued growth.' But earnings were solid and there were no bombs in the call.