# EDGAR Filing Document

**Accession Number:** 0000749098
**File Stem:** 0001171843-23-001485
**Filing Date:** 2023-3
**Character Count:** 20461
**Document Hash:** ad82846585f0024388112fa4d97d76c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001171843-23-001485.hdr.sgml**: 20230308

**ACCESSION NUMBER**: 0001171843-23-001485

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20230307

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230307

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MAGNA INTERNATIONAL INC
- **CENTRAL INDEX KEY:** 0000749098
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLE PARTS & ACCESSORIES [3714]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-11444
- **FILM NUMBER:** 23714742

**BUSINESS ADDRESS:**
- **STREET 1:** 337 MAGNA DRIVE
- **STREET 2:** N/A
- **CITY:** AURORA, ONTARIO, CAN
- **STATE:** A6
- **ZIP:** L4G 7K1
- **BUSINESS PHONE:** 9057262462

**MAIL ADDRESS:**
- **STREET 1:** 337 MAGNA DRIVE
- **STREET 2:** N/A
- **CITY:** AURORA, ONTARIO, CAN
- **STATE:** A6
- **ZIP:** L4G 7K1

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 6-K**

**Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934** 

**For the month of March 2023**

**Commission File Number: 001-11444**

**MAGNA INTERNATIONAL INC.**

(Exact Name of Registrant as specified in its Charter)

**337 Magna Drive, Aurora, Ontario, CANADA L4G 7K1** 

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ ] &nbsp;&nbsp;&nbsp;&nbsp; Form 40-F [ X ]

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | |
|:---|:---|
|  | **MAGNA INTERNATIONAL INC.** |
|  | (Registrant) |
| Date: March 7, 2023 | By: <u>*/s/ "Bassem Shakeel"*</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bassem A. Shakeel, |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice-President and Corporate Secretary |

---

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**EXHIBITS**

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| | |
|:---|:---|
| [Exhibit 99.1](exh_991.htm) | [Press Release issued March 7, 2023 in which the Registrant announced CAD senior notes offering.](exh_991.htm) |
| [Exhibit 99.2](exh_992.htm) | [Press Release issued March 7, 2023 in which the Registrant announced U.S. Dollar and EURO senior notes offerings.](exh_992.htm) |

---

## Exhibit 99.1

**EXHIBIT 99.1**

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| | |
|:---|:---|
| ![logo](exh991small_1.jpg) | PRESS RELEASE |

---

**Magna Announces CAD Senior Notes Offering**

**NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES**

AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an agency agreement providing for the issuance, by way of private placement in each of the provinces of Canada, of CAD$350 million aggregate principal amount of senior unsecured notes due 2031. The notes will bear interest at an annual rate of 4.95% and will mature on January 31, 2031. The offering is expected to close on March 10, 2023, subject to customary closing conditions.

Magna intends to use the net proceeds from this offering to finance a portion of the cost of its proposed acquisition of the Veoneer Active Safety business (the "Veoneer Acquisition") and to pay related fees and expenses, and for general corporate purposes, which may include the repayment of its existing indebtedness. However, the completion of this offering is not contingent upon the completion of the Veoneer Acquisition. In the event that (x) the Veoneer Acquisition is not consummated on or prior to December 19, 2023 or such later date as the parties to the agreement (the "Equity Purchase Agreement") governing the Veoneer Acquisition may agree as the "End Date" thereunder (the "End Date") or (y) the Equity Purchase Agreement is terminated, Magna will be required to redeem all of the notes then outstanding at a redemption price equal to 101% of the principal amount of the notes plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

RBC Capital Markets, Scotiabank and TD Securities are acting as joint bookrunners for the offering.

This release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any province or jurisdiction in which such an offer, solicitation or sale would be unlawful. The notes have not been and will not be qualified for distribution to the public by prospectus under the securities laws of any province or territory of Canada and will not be registered under the Securities Act of 1933, as amended, or any state securities laws and will not be offered or sold in the United States, nor will they be offered or sold in any country other than Canada. The notes will be offered on a private placement basis in Canada to "accredited investors" who are not individuals, unless such individuals are also "permitted clients" under applicable Canadian securities laws.

INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations

louis.tonelli@magna.com │ 905.726.7035

MEDIA CONTACT

Tracy Fuerst, Vice-President, Corporate Communications & PR

tracy.fuerst@magna.com │ 248.761.7004

OUR BUSINESS<sup>1</sup>

Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of over 168,000<sup>2</sup> employees and an organizational structure designed to innovate like a startup. With 65+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 343 manufacturing operations and 88 product development, engineering and sales centres spanning 29 countries.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements"). Forward-looking statements in this press release include, but are not limited to, the expected closing date of the offering, the intended use of the net proceeds from the offering, the consummation of the Veoneer Acquisition and any redemption of the notes and are subject to, and expressly qualified by, the cautionary disclaimers that are set out in Magna's regulatory filings. Please refer to the confidential offering memorandum relating to the offering of the notes, as well as Magna's most current Management's Discussion and Analysis of Results of Operations and Financial Position, Annual Information Form and Annual Report on Form 40-F, as replaced or updated by any of Magna's subsequent regulatory filings, which set out the cautionary disclaimers, including the risk factors that could cause actual events to differ materially from those indicated by such forward-looking statements.

_________________________________

<sub><sup>1</sup> Manufacturing operations, product development, engineering and sales centres include certain operations accounted for under the equity method.</sub>

<sub><sup>2</sup> Number of employees includes approximately 158,000 employees at our wholly owned or controlled entities and over 10,000 employees at certain operations accounted for under the equity method.</sub>

## Exhibit 99.2

**EXHIBIT 99.2**

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| | |
|:---|:---|
| ![logo](exh992small_1.jpg) | PRESS RELEASE |

---

**Magna Announces Senior Notes Offerings**

AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into underwriting agreements in respect of the offering of two series of U.S. dollar denominated senior notes ("**U.S. dollar senior notes**") and one series of Euro denominated senior notes ("**Euro senior notes**"), as follows:

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| | | | |
|:---|:---|:---|:---|
|  | **Principal Amount**<br>| **Maturity<br>**  | **Annual Interest Rate<br>**  |
| &nbsp;&nbsp;U.S. Dollar Senior Notes |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 1 U.S. dollar | $300000000 | March 21, 2026 | 5.980% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2 U.S. dollar | $500000000 | March 21, 2033 | 5.500% |
| &nbsp;&nbsp;Euro Senior Notes | €550,000,000 | March 17, 2032 | 4.375% |

---

Magna intends to use the net proceeds from the offering of U.S. dollar senior notes to finance a portion of the cost of its proposed acquisition of the Veoneer Active Safety business (the "**Veoneer Acquisition**") and to pay related fees and expenses, and for general corporate purposes, which may include the repayment of its existing indebtedness. However, the completion of this offering is not contingent upon the completion of the Veoneer Acquisition. In the event that (x) the Veoneer Acquisition is not consummated on or prior to December 19, 2023 or such later date as the parties to the agreement (the "**Equity Purchase Agreement**") governing the Veoneer Acquisition may agree as the "End Date" thereunder (the "End Date") or (y) the Equity Purchase Agreement is terminated, Magna will be required to redeem all of the notes then outstanding at a redemption price equal to 101% of the principal amount of the notes plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

Magna intends to use the net proceeds from the Euro senior notes for general corporate purposes, which may include the repayment of its existing indebtedness.

The offering of U.S. dollar senior notes is expected to close on March 21, 2023 and the offering of Euro senior notes is expected to close on March 17, 2023, in each case, subject to customary closing conditions. The U.S. dollar senior notes and Euro senior 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 supplements filed with the Ontario Securities Commission.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC are acting as joint book-running managers for the offering of U.S. dollar senior notes and BNP Paribas, Citigroup Global Markets Limited, Merrill Lynch International and ING Bank N.V. are acting as joint book-running managers for the offering of Euro senior notes.

This release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The U.S. dollar senior notes and Euro senior notes are not being qualified for distribution in Canada but the U.S. dollar senior notes will be offered in Canada on a private placement basis to certain accredited investors as defined under Canadian securities laws.

The offering of each of these securities may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplements and the accompanying prospectus can be obtained for free by visiting EDGAR on the SEC's website at <u>www.sec.gov</u> or from:

In the case of the offering of U.S. dollar senior notes:

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| | | |
|:---|:---|:---|
| **BofA Securities, Inc.**<br>NC1-004-03-43<br>200 North College Street, 3<sup>rd</sup> Floor<br>Charlotte, NC 28202<br>Attention: Prospectus Department<br>Toll Free: +1 (800) 294-1322<br>dg.prospectus_requests@baml.com | &nbsp;&nbsp;**Citigroup Global Markets Inc.**<br> c/o Broadridge Financial Solutions<br>1155 Long Island Avenue<br>Edgewood, NY 11717<br>Toll Free: +1 (800) 831-9146<br>prospectus@citi.com | &nbsp;&nbsp;**J.P. Morgan Securities LLC**<br>c/o Broadridge Financial Solutions,<br>Attn: Prospectus Department,<br>1155 Long Island Avenue,<br>Edgewood, NY 11717,<br>or by telephone: 1-866-803-9204 |
| **BNP Paribas Securities Corp.**<br>787 Seventh Avenue, 3rd Floor<br>New York, NY 10019<br>Attention: Syndicate Desk<br>Toll Free: 1-800-854-5674<br>DL.US.Syndicate.Support@us.bnpparibas.com  | &nbsp;&nbsp;**RBC Capital Markets, LLC**<br>Three World Financial Center<br>200 Vesey Street<br>New York, NY 10281<br>Attn: Debt Capital Markets<br>1-866-375-6829<br>usdebtcapitalmarkets@rbccm.com  | &nbsp;&nbsp;**Scotia Capital (USA) Inc.**<br>250 Vesey Street, 24th Floor<br>New York, NY 10281<br>Toll Free: 1-800-372-3930 |
|  | &nbsp;&nbsp;**TD Securities (USA) LLC**<br>31 West 52nd Street, 2nd<br>Floor<br>New York, NY 10019<br>Attention: Transaction<br>Management Group<br>Toll Free: +1 (855) 495-<br>9846<br>USTMG@tdsecurities.com |  |

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In the case of the offering of Euro senior notes:

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| | | |
|:---|:---|:---|
| **BNP Paribas**<br>10 Harewood Avenue<br>London, NW1 6AA<br>United Kingdom<br>Attention: Fixed Income Syndicate<br>Tel: +44 (0)20 7595 8222<br>Toll Free: +1 (800) 854-5674<br>Fax: +44 (0)20 7595 2555 | &nbsp;&nbsp;**Merrill Lynch International**<br>222 Broadway<br>New York, NY 10038<br>Attn: Prospectus Department<br>dg.prospectus_requests@baml.com | &nbsp;&nbsp;**Citigroup Global Markets Limited**<br>c/o Broadridge Financial Solutions<br>1155 Long Island Avenue<br>Edgewood, NY 11717<br>Toll Free +1 (800) 831-9146<br>prospectus@citi.com |
|  | &nbsp;&nbsp;**ING Bank N.V.**<br>Foppingadreef 7<br>1102 BD Amsterdam<br>The Netherlands<br>Tel: +31 20 563 8035 |  |

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INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations

louis.tonelli@magna.com │ 905.726.7035

MEDIA CONTACT

Tracy Fuerst, Vice-President, Corporate Communications & PR

tracy.fuerst@magna.com │ 248.761.7004

**OUR BUSINESS<sup>1</sup>**

Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of over 168,000<sup>2</sup> employees and an organizational structure designed to innovate like a startup. With 65+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 343 manufacturing operations and 88 product development, engineering and sales centres spanning 29 countries.

**FORWARD-LOOKING STATEMENTS**

Certain statements in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements"). Forward-looking statements in this press release include, but are not limited to, the expected closing date of the offering for the U.S. dollar senior notes and Euro senior notes, the intended use of the net proceeds from the offering of U.S. dollar senior notes and Euro senior notes, including the consummation of the Veoneer Acquisition and any redemption of the U.S. dollar senior notes and are subject to, and expressly qualified by, the cautionary disclaimers that are set out in Magna's regulatory filings. Please refer to the prospectus supplement relating to the offering of the notes, as well as Magna's most current Management's Discussion and Analysis of Results of Operations and Financial Position, Annual Information Form and Annual Report on Form 40-F, as replaced or updated by any of Magna's subsequent regulatory filings, which set out the cautionary disclaimers, including the risk factors that could cause actual events to differ materially from those indicated by such forward-looking statements.

**EUROPEAN ECONOMIC AREA NOTICE**

This announcement, insofar as it relates to the U.S. dollar senior notes, and the offering of the U.S. dollar senior notes are only addressed to and directed at persons in member states of the EEA who are "Qualified Investors" within the meaning of Article 2(e) of the Prospectus Regulation. The U.S. dollar senior notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with Qualified Investors. This announcement, insofar as it relates to the U.S. dollar senior notes, should not be acted upon or relied upon in any member state of the EEA by persons who are not Qualified Investors.

The offering of the Euro senior notes will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus for offers of securities.

The expression "Prospectus Regulation" means Regulation (EU) 2017/1129 (as amended or superseded).

MiFID II professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MiFID II product governance) in relation to the Euro senior notes is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as neither the U.S. dollar senior notes nor the Euro senior notes are available to retail in EEA.

**UK NOTICE**

This release is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Financial Promotion Order"), (ii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Promotion Order, (iii) are persons falling within Article 47 of the Financial Promotion Order, (iv) are outside the United Kingdom, or (v) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). This release is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

This announcement, insofar as it relates to the U.S. dollar senior notes, and the offering of the U.S. dollar senior notes are only addressed to and directed at persons in the United Kingdom who are "Qualified Investors" within the meaning of Article 2(e) of the UK Prospectus Regulation. The U.S. dollar senior notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with Qualified Investors. This announcement, insofar as it relates to the U.S. dollar senior notes, should not be acted upon or relied upon in the United Kingdom by persons who are not Qualified Investors.

The offering of the Euro senior notes will be made pursuant to an exemption under the Financial Services and Markets Act 2000 and UK Prospectus Regulation from the requirement to produce a prospectus for offers of securities.

The expression "UK Prospectus Regulation" means Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

UK MiFIR professionals/ECPs-only / No UK PRIIPs KID – Manufacturer target market (UK MiFIR product governance) in relation to the Euro senior notes is eligible counterparties and professional clients only (all distribution channels). No UK PRIIPs key information document (KID) has been prepared as neither the U.S. dollar senior notes nor the Euro senior notes are available to retail in UK.

________________________

<sub><sup>1</sup> Manufacturing operations, product development, engineering and sales centres include certain operations accounted for under the equity method.</sub>

<sub><sup>2</sup> Number of employees includes approximately 158,000 employees at our wholly owned or controlled entities and over 10,000 employees at certain operations accounted for under the equity method.</sub>