Business
Media Release - Magna announces filing of shelf prospectus and registration statement
AURORA, ON , March 31, 2014 /CNW/ - Magna International Inc. (TSX: MG; NYSE: MGA) today ...
About this update from Magna International Inc.
[{"type":"text","content":"\n\n\nAURORA, ON, March 31, 2014 /CNW/ - Magna International Inc. (TSX: MG;\n NYSE: MGA) today announced that, on March 28, 2014, it filed a\n preliminary short form base shelf prospectus with the Ontario\n Securities Commission (the \"OSC\") and a corresponding shelf\n registration statement with the United States Securities and Exchange\n Commission (the \"SEC\") on Form F-10.\n\n\nConsistent with Magna's recently stated intention to accelerate the use\n of its balance sheet, this filing is intended to give the company\n flexibility to take advantage of financing opportunities as it sees\n fit, subject to market conditions and other relevant factors.\n\n\nOnce the shelf prospectus is cleared and the shelf registration\n statement becomes effective, these filings will, subject to securities\n regulatory requirements, provide for the potential offering in Ontario\n and the United States of up to an aggregate of U.S. $2 billion of debt\n securities from time to time over a 25-month period after the OSC has\n issued a receipt for the final short form base shelf prospectus. The\n terms of future offerings, if any, will be established at the time of\n such offerings. At the time any of the securities covered by the shelf\n prospectus and shelf registration statement are offered for sale, a\n prospectus supplement containing specific information about the terms\n of any such offering will be filed with the OSC and the SEC.\n\n\nA registration statement relating to these securities has been filed\n with the SEC but has not yet become effective. These securities may not\n be sold nor may offers to buy be accepted prior to the time the\n registration statement becomes effective. This media release shall not\n constitute an offer to sell or a solicitation of an offer to buy, nor\n shall there be any sale of these securities in any jurisdiction in\n which an offer, solicitation or sale would be unlawful prior to\n registration or qualifications under the securities laws of any such\n jurisdiction.\n\n\nABOUT MAGNA\n\n\nWe are a leading global automotive supplier with 316 manufacturing\n operations and 84 product development, engineering and sales centres in\n 29 countries. We have over 125,000 employees focused on delivering\n superior value to our customers through innovative products and World\n Class Manufacturing. Our product capabili...