secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0000950142-23-001526
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000095014223001526/0000950142-23-001526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000095014223001526/eh230361096_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001526

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