Celestica buys back $153.8 million LYONs

New York, April 15 - Celestica Inc. said it bought back $153.8 million principal amount at maturity of its Liquid Yield Option Notes during the first quarter at a cost of $76.1 million.

The Toronto electronic manufacturing services company added that its board has authorized a further $100 million to be used to buy back LYONs - in addition to the $73.6 million remaining from the previous $100 million authorization.

Over the past nine months, Celestica said it has spent $176 million to buy back $376.7 million principal amount at maturity of the LYONs.

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