Magna International Inc. announced that it has entered into an agency agreement providing for the issuance, by way of private placement to issue senior unsecured non-convertible notes due 2029 in an aggregate principal amount of CAD 450,000,000 on May 27, 2024. The notes will bear interest at an annual rate of 4.80% and will mature on May 30, 2029. The offering is expected to close on May 30, 2024, subject to customary closing conditions.