Press Release - Magna Announces Senior Notes Offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN
The notes will bear interest at an annual rate of 3.10% and will mature
on
Magna intends to use the net proceeds from the offering for general
corporate purposes, which may include capital expenditures and the
previously announced acquisition of the
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 province or jurisdiction in which such an offer,
solicitation or sale would be unlawful. The notes have not been and
will not be qualified for distribution to the public by prospectus
under the securities laws of any province or territory of
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 confidential offering memorandum 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.
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