Financing ·
Dana Inc. establishes $500M senior secured delayed draw term loan to redeem all outstanding 8.5% Senior Notes due 2031
DANDANA Inc
Dana Incorporated entered into the Eighth Amendment to its Credit and Guaranty Agreement on July 10, 2026, establishing a new $500.0 million senior secured delayed draw term loan A facility. The company intends to draw the facility in full around July 31, 2026, to redeem all outstanding 8.500% Senior Notes due 2031 at a redemption price of 104.250% of the principal amount plus accrued interest. The new facility matures 364 days after borrowing and requires quarterly amortization of 10% starting December 31, 2026. Dana Inc. is an automotive supplier that manufactures drivetrain and propulsion systems.