Press Release - Magna Announces Senior Notes Offering
Click HERE for the PDF version of the release. (FR)
Click HERE for the PDF version of the release. (DE)
The notes will bear interest at an annual rate of 2.450% and will mature on
Magna intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures and acquisitions.
The notes are not being qualified for distribution in
This release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of these securities may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus can be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov or from:
Attention: Prospectus Department
Toll Free: +1 (800) 294-1322
c/o Broadridge Financial Solutions
Toll Free: +1 (800) 831-9146
Attention: Transaction Management Group
Toll Free: +1 (855) 495-9846
firstname.lastname@example.org │ 905.726.7035
email@example.com │ 248.631.5396
OUR BUSINESS (1)
We are a mobility technology company. We have over 159,000 entrepreneurial-minded employees, 347 manufacturing operations and 94 product development, engineering and sales centres in 27 countries. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities that include body, chassis, exteriors, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. Our common shares trade on the
This release may contain statements which constitute "forward-looking statements" or "forward looking information" (collectively, "forward looking statements") under applicable securities legislation, including, but not limited to, statements relating to: the expected closing of the offering and the intended use of the net proceeds from the offering and are subject to, and expressly qualified by, the cautionary disclaimers that are set out in Magna's regulatory filings. Please refer to the prospectus supplement relating to the offering of senior unsecured notes, as well as Magna's most current Management's Discussion and Analysis of Results of Operations and Financial Position, Annual Information Form and Annual Report on Form 40-F, as replaced or updated by any of Magna's subsequent regulatory filings, which set out the cautionary disclaimers, including the risk factors that could cause actual events to differ materially from those indicated by such forward-looking statements.
(1) Manufacturing operations, product development, engineering and sales centres and employee figures include certain equity-accounted operations.
Source: Magna International Inc.