---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-300962"
form_type: "8-K"
ticker: "DAN"
cik: "0000026780"
company_name: "DANA Inc"
filed_at: "2026-07-10T20:30:17+00:00"
generated_at: "2026-07-10T20:31:20.156488+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dana enters $500M delayed draw term loan to redeem 8.5% Senior Notes due 2031

## Summary
- New $500M senior secured delayed draw term loan A facility; matures 364 days after borrowing.
- Proceeds to redeem all outstanding 8.500% Senior Notes due 2031 at 104.250% of principal plus accrued interest.
- Redemption expected on or around July 31, 2026; quarterly amortization of 10% of outstanding begins Dec 31, 2026.
- Facility is secured by substantially all assets of Dana and domestic guarantors; interest rate same as revolving credit advances.
- Refinancing reduces interest cost from 8.5% to lower floating rate; improves cash flow.

## SEC filing metadata
- accession: 0001193125-26-300962
- form_type: 8-K
- ticker: DAN
- cik: 0000026780
- company_name: DANA Inc
- filed_at: 2026-07-10T20:30:17+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26780/000119312526300962/0001193125-26-300962-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26780/000119312526300962/d81079d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-300962
- JSON: https://secwatch.observer/filing/0001193125-26-300962.json
- Plain text: https://secwatch.observer/filing/0001193125-26-300962.txt

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