* Linamar repays $80 million in notes due in October

* Shares had suffered over concerns of breaching covenants

* Shares up end up 11.3 percent on Friday

(Adds comments from CEO, analyst. In U.S. dollars unless noted)

By John McCrank

TORONTO, June 5 (Reuters) - Shares of auto parts maker Linamar Corp (LNR.TO: Quote, Profile, Research) gained over 11 percent on Friday after it said it had repaid $80 million in notes due in October that some analysts had warned could put the company in danger of breaching its bank covenants.

In March, Linamar's shares fell to a low of C$2.00 over concerns it would not be able to meet its debt obligations.

On Friday, shares of the company ended up 90 Canadian cents at C$8.87 on the Toronto Stock Exchange.

"We are in a better position, plus we have some certainty around this issue that we know was a concern for our shareholders" Linda Hasenfratz, Linamar's chief executive, told Reuters.