Celestica buys back $540.3 million of LYONs

Pittsburgh, July 22 - Celestica Inc. bought back $540.3 million principal amount of its outstanding Liquid Yield Option Notes during the second quarter, according to a company news release.

Celestica spent $299.7 million in June to repurchase the LYONs, using proceeds from its recent offering of 7.875% senior subordinated notes.

The company also has approval from the board of directors to spend up to $200.3 million to buy back additional LYONs, with the amount and timing of any purchases to be determined by management, the release said.

Celestica is a Toronto electronics manufacturing services company.

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