| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for Dana Holding Corp. > News item |
Dana issues call to redeem 6¾% notes due 2021 via new issue proceeds
By Susanna Moon
Chicago, May 24 – Dana Holding Corp. said it issued a call for its 6¾% notes due 2021 to be funded using proceeds of a new issue.
Dana’s wholly owned subsidiary, Dana Financing Luxembourg Sarl, plans to price $375 million principal amount of senior notes due 2026 in a private offering under Rule 144A and Regulation S, according to a company notice.
The redemption is conditioned on the closing of the planned notes issue.
Proceeds also will be used for general corporate purposes, which may include debt repayment.
Dana is a supplier of driveline, sealing and thermal-management technologies for passenger, commercial and off-highway vehicles. The company is based in Maumee, Ohio.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.