Celestica calls its $223.1 million of 7 5/8% notes due 2013 at 103.813

By Susanna Moon

Chicago, Jan. 27 - Celestica Inc. said it will redeem all of its outstanding 7 5/8% senior subordinated notes due 2013 at 103.813% of par plus accrued interest to the redemption date.

The outstanding principal amount of the notes is $223.1 million.

The redemption will be funded out of the company's cash resources, according to a company press release.

The company said it expects to complete the redemption in the first quarter of 2010. The redemption will reduce the company's annual net interest expense by about $17 million.

Celestica is a Toronto electronics manufacturing services company.

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