debt
confidence high
sentiment neutral
materiality 0.50
Dana extends revolving credit facility maturity to March 2028, transitions from LIBOR to SOFR/SONIA
DANA Inc
- Revolving facility maturity extended by two years to March 2028.
- Benchmark rates transitioned from LIBOR to SOFR (USD) and SONIA (Sterling).
- Amendment effective March 14, 2023; all revolving lenders consented.
- No change to financial covenants; representations reaffirmed.