GUELPH, ON, June 22, 2023 /CNW/ - Linamar Corporation (TSX:LNR.TO) announced today that it has executed and closed a note purchase agreement pursuant to which it sold CAD $550,000,000 aggregate principal amount of 5.96% senior unsecured notes due June 30, 2033 to certain institutional accredited investors (the "Notes") by way of a private placement. Linamar intends to use the proceeds of the sale of the Notes for general corporate purposes, including to fund the previously announced purchase of Dura-Shiloh's battery enclosures business.
Read more at newswire.caLinamar Completes $550,000,000 Private Placement of Senior Unsecured Notes
Newswire.ca -
Thu Jun 22, 2023
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