Shearman And Sterling

News March 21, 2023

Shearman & Sterling Represented the Underwriters on Magna International $800 Million Notes Offering

Shearman & Sterling represented BofA Securities, Citigroup, J.P. Morgan, BNP PARIBAS, RBC Capital Markets, Scotiabank, TD Securities, as joint book-running managers, and ICBC, Loop Capital Markets, Commerzbank, HSBC, ING, Wells Fargo Securities, BMO Capital Markets, CIBC Capital Markets and Goldman Sachs & Co. LLC, as co-managers, in connection with an offering by Magna International of $300 million aggregate principal amount of 5.980% Senior Notes due 2026 and $500 million aggregate principal amount of 5.500% Senior Notes due 2033.

Magna International is a Canadian-based leading global automotive supplier with 343 manufacturing operations and 88 product development, engineering and sales centres.

The Team