secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950142-23-001415
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000095014223001415/0000950142-23-001415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000095014223001415/eh230358036_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001415

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