Financing ·
Dana Incorporated entered into the Eighth Amendment to its Credit and Guaranty Agreement on July 10, 2026…
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.