Magna Announces Senior Notes Offering
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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US:NYSE Investor Relations:
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Source: GlobeNewswire
AURORA, Ontario, March 05, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an underwriting agreement in respect of the offering of U.S.$400 million aggregate principal amount of senior unsecured notes due 2029 (the “notes”). The notes will bear interest at an annual rate of 5.050% and will mature on March 14, 2029. Magna intends to use the net proceeds from the offering of notes for general corporate purposes, which may include the repayment of its existing indebtedness. The offering of notes is expected to close on March 14, 2024, subject to customary closing conditions. The notes will be offered 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. BNP Paribas, BofA Securities and Citigroup are acting as joint book-running managers fo
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MGA
News
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- Magna International Inc. (NYSE: MGA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Magna International Inc. (NYSE: MGA) had its price target lowered by analysts at TD Securities from $69.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
MGA
Earnings
- 2/9/24 - Miss
MGA
Sec Filings
- 4/2/24 - Form 6-K
- 3/29/24 - Form 6-K
- 3/28/24 - Form 40-F
- MGA's page on the SEC website