---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-001526"
form_type: "8-K"
ticker: "DAN"
cik: "0000026780"
company_name: "DANA Inc"
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:15:27.427417+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Dana subsidiary closes €425M 8.500% Senior Notes due 2031

## Summary
- Issuer is Dana Financing Luxembourg S.à r.l.; Notes fully and unconditionally guaranteed by Dana.
- Interest payable semi-annually; maturity July 15, 2031; redemption starting Jul 15, 2026 at 104.25% of par.
- Prior to Jul 15, 2026, up to 40% of Notes redeemable with equity offering proceeds at 108.5% of par.
- Indenture contains restrictive covenants; change of control offer at 101% of principal plus accrued interest.

## SEC filing metadata
- accession: 0000950142-23-001526
- form_type: 8-K
- ticker: DAN
- cik: 0000026780
- company_name: DANA Inc
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26780/000095014223001526/0000950142-23-001526-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26780/000095014223001526/eh230361096_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-001526
- JSON: https://secwatch.observer/filing/0000950142-23-001526.json
- Plain text: https://secwatch.observer/filing/0000950142-23-001526.txt

## Key facts
- Debt Financings
  DANA Inc incurred senior notes of €425,000,000 with Computershare Trust Company, N.A. at 8.500% maturing July 15, 2031.
  - Instrument: senior notes
  - Principal: €425,000,000
  - Counterparty: Computershare Trust Company, N.A.
  - Rate: 8.500%
  - Maturity: July 15, 2031
  - Event: incurrence
  source text: closed its previously announced offering of €425,000,000 in aggregate principal amount of its 8.500% Senior Notes due 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/26780/000095014223001526/0000950142-23-001526-index.htm
- Material Agreements
  DANA Inc entered into Indenture for 8.500% Senior Notes due 2031 with Computershare Trust Company, N.A. valued at €425,000,000 aggregate principal amount of 8.500% Senior Notes due 2031 (effective 2023-05-24).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Computershare Trust Company, N.A.
  - Value: €425,000,000 aggregate principal amount of 8.500% Senior Notes due 2031
  - Effective: 2023-05-24
  source text: Item 1.01. Entry Into a Material Definitive Agreement. On May 24, 2023, Dana Financing Luxembourg S.à r.l. (the “Issuer”), a wholly-owned subsidiary of Dana Incorporated (“Dana”), closed its previously announced offering of €425,000,000 in aggregate principal amount of its 8.500% Senior Notes due 2031 (the “Notes”). The Notes were issued pursuant to an Indenture, dated as of May 24, 2023 (the “Indenture”), among the Issuer, Dana, as guarantor, Computershare Trust Company, N.A., as trustee, and Elavon Financial Services DAC, as paying agent, registrar and transfer agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/26780/000095014223001526/0000950142-23-001526-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.