Magna International Inc., a leading global automotive supplier, has announced a significant debt transaction involving the issuance of €575,000,000 in 3.625% Senior Notes due 2031. The transaction is being executed through an underwriting agreement with several underwriters, including BNP PARIBAS, Citigroup Global Markets Limited, and Merrill Lynch International. The notes are set to be issued under an indenture agreement with The Bank of New York Mellon acting as trustee. This move is part of Magna's strategic financial management to support its ongoing operations and growth initiatives. The issuance is backed by a well-prepared prospectus filed with the Ontario Securities Commission, ensuring transparency and compliance with regulatory standards.
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