secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2025-08-01T23:59:59+00:00
Accession:  0000950142-25-002072
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dana adds $250M term loan facility tied to off-highway business divestiture
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- $250M 2025 New Term A Facility matures earlier of 5 business days after off-highway divestiture or 364 days.
- Quarterly amortization of 10% of principal begins Dec 31, 2025; rest at maturity.
- Facility is guaranteed by domestic subsidiaries and secured on first-priority lien basis.
- Interest rate same as Revolving Credit Advances under existing credit agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000095014225002072/0000950142-25-002072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000095014225002072/eh250662295_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-002072

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