Dana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly owned indirect subsidiary, Dana Financing Luxembourg S.à r.l. (the “Issuer”), has closed its previously announced offering of $400 million aggregate principal amount of 5.750% Senior Notes due 2025 (the “2025 Notes”). In connection with the issuance of the 2025 Notes, the Issuer entered into a U.S. dollar–Euro swap, which has effectively fixed the interest cost to Dana on the 2025 Notes at 3.85%. The 2025 Notes are fully and unconditionally guaranteed by Dana.
Dana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly owned indirect subsidiary, Dana Financing Luxembourg S.à r.l. (the “Issuer”), has closed its previously announced offering of $400 million aggregate principal amount of 5.750% Senior Notes due 2025 (the “2025 Notes”). In connection with the issuance of the 2025 Notes, the Issuer entered into a … Continued
