8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 16, 2010

FLEXTRONICS INTERNATIONAL LTD.
(Exact name of registrant as specified in its charter)

Singapore	0-23354	Not Applicable
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

One Marina Boulevard, # 28-00, Singapore	018989
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (65) 6890-7188

Not Applicable

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On February 16, 2010, Flextronics International Ltd. issued a press release announcing that it has called for redemption all of its outstanding 61/2% Senior Subordinated Notes due 2013. As of February 16, 2010, there are $299.8 million outstanding in aggregate principal amount of the 61/2% Notes. In accordance with the terms of the indenture governing the Notes, the Notes will be redeemed on March 19, 2010 (the “Redemption Date”) at a price of 102.167% of the principal amount, plus accrued and unpaid interest to, but excluding, the Redemption Date. The company intends to fund the redemption with available cash. A copy of the press release is attached to this report as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.
99.1	Press release, dated February 16, 2010, issued by Flextronics International Ltd.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		FLEXTRONICS INTERNATIONAL LTD.
Date: February 16, 2010	By:	/s/ Paul Read
		Name: Paul Read Title: Chief Financial Officer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release, dated February 16, 2010, issued by Flextronics International Ltd.

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EX-99.1

Exhibit 99.1

Kevin Kessel
Vice President, Investor Relations
+1.408.576.7985
kevin.kessel@flextronics.com

Renee Brotherton
Vice President, Corporate Communications
+1.408.576.7189
renee.brotherton@flextronics.com

FLEXTRONICS EXECUTES MANDATORY CALL OPTION ON ITS 6 1/2 %
SENIOR SUBORDINATED NOTES DUE 2013

Singapore, February 16, 2010 –Flextronics (NASDAQ: FLEX) announced today that it has called for redemption all of its outstanding 6 1/2 % Senior Subordinated Notes due 2013.  As of February 16, 2010, there are $299.8 million outstanding in aggregate principal amount of the 6 1/2 % Notes.  In accordance with the terms of the indenture governing the Notes, the Notes will be redeemed on March 19, 2010 (the “Redemption Date”) at a price of 102.167% of the principal amount, plus accrued and unpaid interest to, but excluding, the Redemption Date. 

Paul Read, CFO of Flextronics said, “We are pleased to be in a position to call the highest interest rate debt on our balance sheet using a portion of our excess cash balance. This action should result in approximately $19 million in annual net interest expense savings.” The company intends to fund the redemption with available cash.

The CUSIP number for the 2013 Notes is 33938EAJ6 and US Bank is the Trustee.

About Flextronics
Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer, industrial, infrastructure, medical and mobile OEMs. Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit www.flextronics.com.