Dana subsidiary prices €425M 8.500% Senior Notes due 2031, proceeds to redeem 2025 notes and repay revolver

DANA Inc

Dana Financing Luxembourg S.à r.l. priced €425M of 8.500% Senior Notes due 2031 at 100% of principal.
Notes are fully and unconditionally guaranteed by Dana Incorporated.
Net proceeds to redeem $200M of outstanding 5.750% Senior Notes due 2025.
Also to repay $245M of outstanding borrowings under Dana's revolving credit facility.
Offering priced on May 10, 2023; use of proceeds includes related fees and expenses.

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