Magna announces cad senior notes offering

Not for distribution to u.s. news wire services or dissemination in the united states aurora, ontario, may 27, 2024 (globe newswire) -- magna international inc. (tsx: mg; nyse: mga) today announced that it has entered into an agency agreement providing for the issuance, by way of private placement in each of the provinces of canada, of cad$450 million aggregate principal amount of senior unsecured notes due 2029. the notes will bear interest at an annual rate of 4.80% and will mature on may 30, 2029.
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