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News Nov 24, 2015

Shearman & Sterling Advises on Magna International Inc.’s €550 Million Notes Offering

Shearman & Sterling represented BNP Paribas, Citigroup Global Markets Limited, Merrill Lynch International and Banco Santander, S.A. as joint book-running managers and HSBC Bank plc, ING Bank N.V. Belgian Branch, Commerzbank Aktiengesellschaft, Mitsubishi UFJ Securities International plc and Raiffeisen Bank International AG as co-managers in connection with an offering by Magna International Inc. (“Magna”) of €550 million aggregate principal amount of 1.900% senior notes due 2023.

Magna is a Canada-based leading global automotive supplier with 285 manufacturing operations and 83 product development, engineering and sales centers in 29 countries.

The Shearman & Sterling team included partners Jason Lehner (Toronto/New York-Capital Markets) and Laurence Crouch (Menlo Park-Tax), counsel Kevin Roggow (Toronto-Capital Markets), Jeffrey Salinger (New York-Environmental) and Simon Letherman (London-Tax), associates Kyle Phillips (Menlo Park-Tax), Bilal Choksi (Toronto-Capital Markets), Joanna Enns (Toronto-Capital Markets) and Lois Howarth (London-Tax) and trainee Charlotte Rice (London-Tax).