Shearman And Sterling

News September 23, 2015

Shearman & Sterling Advises on Magna International Inc.’s $650 Million Bond Offering

Shearman & Sterling represented Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets, LLC as joint book-running managers and BNP Paribas Securities Corp., CIBC World Markets Corp., Mitsubishi UFJ Securities (USA), Inc., Scotia Capital (USA) Inc., Commerz Markets LLC, ING Financial Markets LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Santander Investment Securities Inc., TD Securities (USA) LLC, BMO Capital Markets Corp., RB International Markets (USA) LLC and Sandler O’Neill & Partners, L.P. as co-managers in connection with an offering by Magna International Inc. (“Magna”) of $650 million aggregate principal amount of 4.150% Senior Notes due 2025.

Magna is a Canadian-based leading global automotive supplier with 287 manufacturing operations and 81 product development, engineering and sales centers in 29 countries.

The Shearman & Sterling team included partners Jason Lehner (Toronto/New York-Capital Markets) and Larry Crouch (Menlo Park-Tax); counsel Kevin Roggow (Toronto-Capital Markets) and Jeffrey Salinger (New York-Environmental); and associates Kyle Phillips (Menlo Park-Tax), Bilal Choksi (Toronto-Capital Markets) and Joanna Enns (Toronto-Capital Markets).