Celestica Inc. announces offering of senior subordinated notes

TORONTO, June 16 /CNW/ - Celestica Inc. (NYSE: CLS, TSX: CLS/SV), a world
leader in electronics manufacturing services (EMS), today announced its
intention to sell US$250 million aggregate principal amount of senior
subordinated notes due 2013, subject to market and other conditions.
The offering is being made pursuant to Celestica's shelf registration
statement previously filed with and declared effective by the Securities and
Exchange Commission. The net proceeds of the offering of the senior
subordinated notes are currently anticipated to be used for the repurchase of
Liquid Yield Option Notes, or LYONs.
Banc of America Securities LLC, Citigroup Global Markets Inc. and
Deutsche Bank Securities Inc. will act as joint book-running managers for
Celestica's notes offering. When available, a prospectus supplement relating
to this proposed offering may be obtained from Syndicate Operations, Banc of
America Securities, 9 West 57th Street, 2M, New York, NY 10019.

About Celestica
---------------

Celestica is a world leader in the delivery of innovative electronics
manufacturing services (EMS). Celestica operates a highly sophisticated global
manufacturing network with operations in Asia, Europe and the Americas,
providing a broad range of integrated services and solutions to leading OEMs
(original equipment manufacturers). Celestica's expertise in quality,
technology and supply chain management, and leadership in the global
deployment of Lean principles, enables the company to provide competitive
advantage to its customers by improving time-to-market, scalability and
manufacturing efficiency.
For further information on Celestica, visit its website at
www.celestica.com.
The company's security filings can also be accessed at www.sedar.com and
www.sec.gov.

Celestica Safe Harbour and Fair Disclosure Statement
----------------------------------------------------
This news release contains forward-looking statements related to our
future growth, trends in our industry and our financial and operational
results and performance that are based on current expectations, forecasts and
assumptions involving risks and uncertainties that could cause actual outcomes
and results to differ materially. These risks and uncertainties include, but
are not limited to: the challenges of effectively managing our operations
during uncertain economic conditions; the challenge of responding to lower-
than-expected customer demand; the effects of price competition and other
business and competitive factors generally affecting the EMS industry; our
dependence on the information technology and communications industries; our
dependence on a limited number of customers and on industries affected by
rapid technological change; component constraints; variability of operating
results among periods; and the ability to manage our restructuring and the
shift of production to lower cost geographies. These and other risks and
uncertainties and factors are discussed in the Company's various public
filings at www.sedar.com and http://www.sec.gov, including our Annual Report
on Form 20-F and subsequent reports on Form 6-K filed with the Securities and
Exchange Commission.
We disclaim any intention or obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or
otherwise.
As of its date, this press release contains all material information
associated with this event.
%SEDAR: 00010284E