Dana secures $500M term loan to redeem 8.500% 2031 notes at 104.25% premium

Filed July 10, 2026 · Period ending July 10, 2026 · ~1 min read

Key Changes

• high

  Dana entered into a $500M delayed draw term loan facility, available through Aug 1, 2026, maturing 364 days after draw, with quarterly 10% amortization starting Dec 31, 2026.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Company plans to draw the full facility to redeem all outstanding 8.500% Senior Notes due 2031 at 104.250% of par plus accrued interest around July 31, 2026.

  Item 8.01 — Other Events verify on EDGAR →
• medium

  The facility is secured by first-priority liens on substantially all Dana assets and guaranteed by wholly owned domestic subsidiaries.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →