Shearman And Sterling

News June 15, 2020

Magna International Inc.’s $750 Million Notes Offering

Shearman & Sterling represented BofA Securities, Inc., Citigroup Global Markets Inc., TD Securities (USA) LLC, BNP Paribas Securities Corp., RBC Capital Markets, LLC and Scotia Capital (USA) Inc., as joint book-running managers, and CIBC World Markets Corp., MUFG Securities Americas Inc., BMO Capital Markets Corp., Commerz Markets LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC, J.P. Morgan Securities LLC, Santander Investment Securities Inc., ICBC Standard Bank Plc, Loop Capital Markets LLC and RB International Markets (USA) LLC, as co-managers, in connection with an offering by Magna International Inc. of $750 million aggregate principal amount of 2.450 percent senior notes due 2030.

Magna is a Canadian-based leading global automotive supplier with 347 manufacturing operations and 94 product development, engineering and sales centres in 27 countries.

The Team