Magna Enters Into New $2.25B Global Credit Facility

Magna International Inc. MGA today announced that it has entered into a U.S.$2.25 billion four-year revolving credit facility with a group of lenders. The facility, which matures on July 8, 2015, replaces an approximately U.S.$2.0 billion revolving credit facility that was set to expire on July 31, 2012, and will be available to Magna and its subsidiaries in North America, Europe and Asia. The Bank of Nova Scotia, Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are co-lead arrangers and co-bookrunners for the facility.