Magna International Inc. Surges to 499th in Trading Volume with 1.92 Billion Turnover Despite Stock Price Decline

On May 15, 2025, Magna International Inc. (MGA) experienced a significant increase in trading volume, with a turnover of 1.92 billion, marking a 198.43% rise from the previous day. This surge placed Magna at the 499th position in terms of trading volume for the day. However, the stock price of Magna declined by 1.11%, marking the second consecutive day of decline, with a total decrease of 1.80% over the past two days.

Magna International Inc. recently announced the issuance of two series of senior notes, one denominated in Euros and the other in U.S. dollars. The Euro-denominated notes amount to €575 million, with a maturity date of May 21, 2031, and an annual interest rate of 3.625%. The U.S. dollar-denominated notes total $400 million, maturing on June 1, 2035, with an annual interest rate of 5.875%. The company plans to use the net proceeds from these offerings for general corporate purposes, which may include repaying existing debt.

The offering of the Euro-denominated notes is expected to close on May 21, 2025, while the U.S. dollar-denominated notes are anticipated to close on May 22, 2025. Both offerings will be conducted under an effective shelf registration statement previously filed with the Securities and Exchange Commission and a short form base shelf prospectus filed with the Ontario Securities Commission. Several financial institutions, including BNP PARIBAS, BofA Securities, Citigroup, Commerzbank, and ING, are acting as joint book-running managers for these offerings.

Magna International Inc. is a leading global automotive supplier and mobility technology company, with a workforce of approximately 167,000 employees across 342 manufacturing operations and 103 product development, engineering, and sales centers in 28 countries. The company's extensive experience and interconnected product ecosystem position it as a key player in advancing mobility within the expanding transportation landscape.