Magna International Inc. Files Supplemental Indenture

TL;DR

Magna just filed an indenture update with BNY Mellon, check the details.

AI Summary

Magna International Inc. filed a Form 6-K on March 14, 2024, reporting an Eighth Supplemental Indenture dated March 14, 2024. This indenture is between Magna International Inc. and The Bank of New York Mellon, acting as trustee.

Why It Matters

This filing indicates a formal amendment or addition to Magna's existing debt agreements, which could impact its financial structure and borrowing terms.

Risk Assessment

Risk Level: low — This is a routine filing related to debt instruments and does not appear to contain significant new financial information or operational changes.

Key Players & Entities

• Magna International Inc. (company) — Registrant
• The Bank of New York Mellon (company) — Trustee
• Bassem A. Shakeel (person) — Vice-President, Associate General Counsel and Corporate Secretary
• March 14, 2024 (date) — Filing and Indenture Date

FAQ

From the Filing

0001171843-24-001337.txt : 20240314 0001171843-24-001337.hdr.sgml : 20240314 20240314130204 ACCESSION NUMBER: 0001171843-24-001337 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240314 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAGNA INTERNATIONAL INC CENTRAL INDEX KEY: 0000749098 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11444 FILM NUMBER: 24748841 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 6-K 1 f6k_031424.htm FORM 6-K 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 2024 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 Form 20-F or Form 40-F. Form 20-F ☐ Form 40-F ☒ 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. MAGNA INTERNATIONAL INC. (Registrant) Date: March 14, 2024 By: /s/ “Bassem Shakeel” Bassem A. Shakeel, Vice-President, Associate General Counsel and Corporate Secretary EXHIBITS Exhibit 99 Eighth Supplemental Indenture, dated as of March 14, 2024, among the Registrant, and The Bank of New York Mellon, as trustee. EX-99 2 exh_99.htm EXHIBIT 99 Exhibit 99 Execution Version MAGNA INTERNATIONAL INC. to THE BANK OF NEW YORK MELLON as Trustee Eighth Supplemental Indenture dated as of March 14, 2024 to Indenture dated as of June 16, 2014 $400,000,000 5.050% Senior Notes due 2029 TABLE OF CONTENTS Page Article I RELATION TO INDENTURE; DEFINITIONS SECTION 1.01 Relation To Indenture. 1 SECTION 1.02 Rules of Interpretation; Definitions. 1 Article II THE SERIES OF DEBT SECURITIES SECTION 2.01 Title of the Debt Securities. 6 SECTION 2.02 Limitations on Aggregate Principal Amount. 6 SECTION 2.03 Registered Debt Securities; Global Form. 7 SECTION 2.04 Form and Terms of Notes; Payment. 7 SECTION 2.05 Registrar, Transfer Agent and Paying Agent. 7 SECTION 2.06 Applicability of Certain Indenture Provisions. 7 SECTION 2.07 Interest Act (Canada). 8 SECTION 2.08 Additional Amounts. 8 Article III CERTAIN COVENANTS APPLICABLE TO THE NOTES SECTION 3.01 Limitation on Secured Debt. 8 SECTION 3.02 Sale and Leaseback Transactions. 10 SECTION 3.03 Restrictions on Transfer of Principal Property to Unrestricted Subsidiaries. 11 SECTION 3.04 Right to Require Repurchase Upon a Change of Control Triggering Event. 11 Article IV REDEMPTION SECTION 4.01 Applicability of Article Four of the Indenture. 12 SECTION 4.02 Redemption at the Option of the Company. 13 Article V MISCELLANEOUS PROVISIONS SECTION 5.01 Ratification of Indenture. 13 SECTION 5.02 Governing Law. 13 SECTION 5.03 Counterparts; Electronic Means. 14 SECTION 5.04 Sanctions. 15 SECTION 5.05 Recitals. 15 SECTION 5.06 Waiver of Trial by Jury. 15 EXHIBIT A Form of Note A-1 i EIGHTH SUPPLEMENTAL INDENTURE, dated as of March 14, 2024 (this “ Supplemental Indenture ”), between MAGNA INTERNATIONAL INC., a corporation duly organized and existing under the laws of the Province of Ontario (the “ Company ”), and THE BANK OF NEW YORK MELLON, a New York banking corporation, as trustee (the “ Trustee ”). RECITALS OF THE COMPANY WHE