Magna International Inc. Files Supplemental Indenture
Ticker: MGA · Form: 6-K · Filed: May 30, 2024 · CIK: 749098
| Field | Detail |
|---|---|
| Company | Magna International Inc (MGA) |
| Form Type | 6-K |
| Filed Date | May 30, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, indenture, filing
TL;DR
Magna just filed a supplemental indenture with BNY Trust Company of Canada, dated May 30, 2024. Debt update.
AI Summary
Magna International Inc. filed a Form 6-K on May 30, 2024, reporting the execution of a Third Supplemental Indenture dated May 30, 2024. This indenture was entered into between Magna International Inc. and BNY Trust Company of Canada, acting as trustee.
Why It Matters
This filing indicates a change or addition to Magna's debt structure, which could impact its financial leverage and future borrowing capacity.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a supplemental indenture, which is a standard corporate finance action and does not inherently signal significant new risks.
Key Players & Entities
- Magna International Inc. (company) — Registrant
- BNY Trust Company of Canada (company) — Trustee
- May 30, 2024 (date) — Date of Indenture and Filing
- Bassem A. Shakeel (person) — Vice-President, Assistant General Counsel and Corporate Secretary
FAQ
What is the purpose of the Third Supplemental Indenture?
The filing does not specify the exact purpose of the Third Supplemental Indenture, only that it was entered into between Magna International Inc. and BNY Trust Company of Canada as trustee.
What is the effective date of the Third Supplemental Indenture?
The Third Supplemental Indenture is dated as of May 30, 2024.
Who is the trustee for the supplemental indenture?
BNY Trust Company of Canada is the trustee for the Third Supplemental Indenture.
What type of filing is this for Magna International Inc.?
This is a Form 6-K, Report of Foreign Private Issuer.
Who signed the Form 6-K on behalf of Magna International Inc.?
Bassem A. Shakeel, Vice-President, Assistant General Counsel and Corporate Secretary, signed the Form 6-K.
Filing Stats: 168 words · 1 min read · ~1 pages · Grade level 13.2 · Accepted 2024-05-30 17:07:54
Filing Documents
- f6k_053024.htm (6-K) — 8KB
- exh_99.htm (EX-99) — 140KB
- 0001171843-24-003177.txt ( ) — 149KB
SIGNATURES
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. Date: May 30, 2024 MAGNA INTERNATIONAL INC. (Registrant) By: /s/ “ Bassem Shakeel” Bassem A. Shakeel, Vice-President, Assistant General Counsel and Corporate Secretary EXHIBITS Exhibit 99 Third Supplemental Indenture, dated as of May 30, 2024, between the Registrant and BNY Trust Company of Canada, as trustee.