AURORA, ON, Sept. 18, 2017 /PRNewswire/ - Magna International
Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into
an underwriting agreement providing for the issuance of €600
million aggregate principal amount of its senior unsecured notes
pursuant to an effective shelf registration statement previously
filed with the Securities and Exchange Commission (the "SEC") and a
short form base shelf prospectus and prospectus supplement filed
with the Ontario Securities Commission.
The notes will bear interest at an annual rate of 1.500% and
will mature on September 25, 2027.
The offering is expected to close on September 25, 2017, subject to customary closing
conditions. Magna intends to use the net proceeds from the offering
for general corporate purposes.
BNP Paribas, Merrill Lynch International, ING Bank N.V. and
Citigroup Global Markets Limited are acting as joint book-running
managers for the offering.
The notes are not being qualified for distribution in
Canada.
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. Financial Conduct Authority (FCA)
stabilization rules apply.
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:
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
|
Merrill Lynch
International
222
Broadway
New York, NY
10038
Attn: Prospectus
Department
dg.prospectus_requests@baml.com
|
ING Bank
N.V.
Foppingadreef
7
1102 BD
Amsterdam
The
Netherlands
Tel: +31 20 563
8035
|
|
|
|
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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
|
|
OUR BUSINESS (1)
We are a leading global automotive supplier with 327
manufacturing operations and 100 product development, engineering
and sales centres in 29 countries. We have over 161,000 employees
focused on delivering superior value to our customers through
innovative products and processes, and world class manufacturing.
We have complete vehicle engineering and contract manufacturing
expertise, as well as product capabilities which include body,
chassis, exterior, seating, powertrain, active driver assistance,
vision, closure and roof systems and have electronic and software
capabilities across many of these areas. Our common shares trade on
the Toronto Stock Exchange (MG) and the New York Stock Exchange
(MGA).
FORWARD-LOOKING STATEMENTS
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 date 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.
EUROPEAN ECONOMIC AREA NOTICE
This release relates to a prospectus supplement and accompanying
prospectus which has been prepared on the basis that any offer of
securities 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 in accordance with
Article 3 of the Prospectus Directive for offers of securities. The
expression Prospectus Directive means Directive 2003/71/EC (as
amended), and includes any relevant implementing measure in the
Member State concerned.
UK NOTICE
This release is for distribution only to persons who (i) have
professional experience in matters relating to investments falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended, the "Financial
Promotion Order"), (ii) are persons falling within Article 49(2)(a)
to (d) ("high net worth companies, unincorporated associations
etc.") of the Financial Promotion Order, (iii) are persons
falling within Article 47 of the Financial Promotion Order, (iv)
are outside the United Kingdom, or
(v) are persons to whom an invitation or inducement to engage in
investment activity (within the meaning of section 21 of the
Financial Services and Markets Act 2000) in connection with the
issue or sale of any securities may otherwise lawfully be
communicated or caused to be communicated (all such persons
together being referred to as "relevant persons"). This
release is directed only at relevant persons and must not be acted
on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this document relates is
available only to relevant persons and will be engaged in only with
relevant persons.
(1) Manufacturing operations, product development,
engineering and sales centres and employee figures include certain
equity-accounted operations.
SOURCE Magna International Inc.