Avaya says $84.426 million LYONs tendered

New York, Jan. 29 - Avaya Inc. said $84.426 million principal amount at maturity of its Liquid Yield Option Notes due 2021 were tendered in its exchange offer, 8.9% of the amount outstanding.

The offer expired at 5.00 p.m. ET on Jan. 28.

Holders of $84.416 million of the total opted for the combination stock and cash payment of $208.40 and 77 shares. The remainder chose the cash payment of $389.61.

The Basking Ridge, N.J. communications networks company said it will pay a total of $17,596,190.50 in cash and 6,500,032 shares in the exchange.

Morgan Stanley & Co. Inc. (call collect 212 761 5409) was the dealer manager, Georgeson Shareholder Communications, Inc. (866 295-4337) the information agent and The Bank of New York the exchange agent.

Celestica buys back $112.5 million LYONs, adds $100 million to authorization

New York, Jan. 29 - Celestica Inc. said it repurchased $112.5 million of its Liquid Yield Option Notes during the fourth quarter, spending $52 million.

During 2002, the Toronto electronic manufacturing services company spent a total of $100.3 million to repurchase $222.9 million principal amount at maturity of the LYONs.

Celestica said that its board has authorized it to spend up to $100 million more on repurchasing LYONs in addition to the $100 million announced in October of which $48 million remains.

Macronix says $60.982 million convertibles tendered, $10.82 million put

New York, Jan. 29 - Macronix International Co., Ltd. said $60.982 million principal amount of its 1% convertible bonds due Feb. 1, 2005 were tendered in its recent offer.

In addition, a further $10.82 million of bonds were put back to the company.

As a result, the Hsinchu, Taiwan chipmaker has $295,000 principal amount of the convertibles outstanding.

Macronix began the tender offer on Dec. 24 and it ran through 5.00 p.m. ET on Jan. 24.

The company offered to pay $1,220 per $1,000 principal amount for the convertibles.

In addition, the convertibles can be put back to Macronix on Feb. 1 at 121.422 ($1,214.22 per $1,000 principal amount).

The dealer manager for the tender was Credit Suisse First Boston (Hong Kong) Ltd. (contact Julian Hall at +852 2101 6939) and Bank of New York was tender agent (contact Bernard Arsenec at 212 815 5098).

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