Magna International Inc. Files Supplemental Indenture

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

From the Filing

0001171843-24-003177.txt : 20240530 0001171843-24-003177.hdr.sgml : 20240530 20240530170754 ACCESSION NUMBER: 0001171843-24-003177 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240530 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 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: 241006479 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_053024.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 May 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 [X] 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. EX-99 2 exh_99.htm EXHIBIT 99 Exhibit 99 MAGNA INTERNATIONAL INC. and BNY TRUST COMPANY OF CANADA as Trustee _________________ Third Supplemental Indenture dated as of May 30, 2024 to Indenture dated as of December 11, 2015 _________________ $450,000,000 4.80% Senior Notes due 2029 Table of Contents Page Article I RELATION TO INDENTURE; DEFINITIONS 1 SECTION 1.01 Relation To Indenture. 1 SECTION 1.02 Rules of Interpretation; Definitions. 1 Article II THE SERIES OF OFFERED NOTES 7 SECTION 2.01 Title of the Offered Notes. 7 SECTION 2.02 Limitations on Aggregate Principal Amount. 7 SECTION 2.03 Registered Notes; Global Form. 7 SECTION 2.04 Form and Terms of Offered Notes; Payment. 8 SECTION 2.05 Registrar and Paying Agent. 8 SECTION 2.06 Applicability of Certain Indenture Provisions. 8 SECTION 2.07 Interest Act (Canada) 8 SECTION 2.08 Execution of Offered Notes. 8 Article III CERTAIN COVENANTS APPLICABLE TO THE OFFERED NOTES 8 SECTION 3.01 Limitation on Secured Debt. 8 SECTION 3.02 Sale and Leaseback Transactions. 11 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. 12 Article IV REDEMPTION 13 SECTION 4.01 Applicability of Article Four of the Indenture. 13 SECTION 4.02 Redemption at the Option of the Company. 13 SECTION 4.03 Notice of Redemption. 14 Article V MISCELLANEOUS PROVISIONS 15 SECTION 5.01 Ratification of Indenture. 15 SECTION 5.02 Governing Law. 15 SECTION 5.03 Counterparts. 15 SECTION 5.04 Sanctions. 16 SECTION 5.05 Recitals. 16 SECTION 5.06 Waiver of Trial by Jury. 17 THIRD SUPPLEMENTAL INDENTURE, dated as of May 30, 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 	BNY TRUST COMPANY OF CANADA, a trust company incorporated under the laws of Ontario, as trustee (the “ Trustee ”).