Canada: Magna enters into new US$2.25bn credit facility

Automotive components manufacturer Magna International has entered into a US$2.25bn four-year revolving credit facility with a group of lenders. This facility replaces an approximately US$2bn revolving credit facility, which was set to expire on 31 July 2012. It will be available to the supplier and its subsidiaries in North America, Europe Subscribe to Automotive World … Continued

• By Webmaster
• July 13, 2011