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Dana Announces Launch of Tender Offers for Any and All of its Outstanding 4.250% Senior Notes due 2030 and 4.500% Senior Notes due 2032

  • Dana Incorporated announced the commencement of tender offers on November 6, 2026, to purchase cash for its outstanding senior notes.
  • The offers cover two series of debt: $226.8 million of 4.250% Senior Notes due 2030 & $198.452 million of 4.500% Senior Notes due 2032.
  • Consideration for the notes is determined by a fixed spread of 0 basis points plus the yield to maturity of the referenced U.S. Treasury securities.
  • The tender offers expire at 5:00 p.m. New York City time on November 13, 2026, unless extended or terminated.
  • Settlement for accepted notes is expected to occur on or about November 17, 2026.
  • J.P. Morgan Securities LLC & Barclays Capital Inc. are serving as dealer managers for the transaction.
  • The company is not obligated to accept a minimum amount of notes & may defease covenants for any remaining outstanding notes.
  • Holders must consult the full Offer to Purchase available from D.F. King & Co. or at www.dfking.com/dana for complete terms.
  • Neither Dana nor the dealer managers are making a recommendation regarding whether holders should tender their notes.
Company
Dana Incorporated
Keywords
Dana Incorporated