Press Release - Magna Announces Senior Notes Offering
The notes will bear interest at an annual rate of 1.900% and will mature
on
Magna intends to use the net proceeds from the offering for general
corporate purposes, including capital expenditures and the previously
announced acquisition of the
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 from:
BNP Paribas 10 Harewood Avenue London, NW1 6AA United Kingdom Attention: Fixed Income Syndicate Tel: +44 (0)20 7595 8222 Toll Free: +1 (800) 854-5674 Fax: +44 (0)20 7595 2555 |
Citigroup Global Markets Limited c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Toll Free: +1 (800) 831-9146 prospectus@citi.com |
Merrill Lynch International 222 Broadway New York, NY 10038 Attn: Prospectus Department dg.prospectus_requests@baml.com |
ABOUT MAGNA
We are a leading global automotive supplier with 285 manufacturing
operations and 83 product development, engineering and sales centres in
29 countries. We have approximately 125,000 employees focused on
delivering superior value to our customers through innovative processes
and World Class Manufacturing. Our product capabilities include
producing body, chassis, exterior, seating, powertrain, electronic,
vision, closure and roof systems and modules, as well as complete
vehicle engineering and contract manufacturing. Our Common Shares trade
on the
FORWARD LOOKING STATEMENTS
This release may contain statements which constitute "forward-looking statements" under applicable securities legislation 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.
EUROPEAN ECONOMIC AREA NOTICE
This document has been prepared on the basis that any offer of notes in
any Member State of the European Economic Area will be made pursuant to
an exemption under the Prospectus Directive from the requirement to
publish a Prospectus for offers of notes. The expression Prospectus
Directive means Directive 2003/71/EC (as amended), and includes any
relevant implementing measure in the Member State concerned.
UK NOTICE
The communication of documents or materials relating to the issue of the
notes is only being made to those persons in the
SOURCE