Dana conditionally calls 6½% senior notes due 2026 at 103.25

By Rebecca Melvin

Concord, N.H., May 11 – Dana Inc. subsidiary Dana Financing Luxembourg Sarl has issued a conditional notice of redemption for any and all of its 6½% senior notes due 2026, according to a company release.

The company will pay 103.25% of the principal amount of notes plus accrued and unpaid interest.

The redemption is being funded with proceeds of a new €325 million issue of senior unsecured notes due 2029. The issue is being distributed via Rule 144A and Regulation S.

Dana is a supplier of vehicle drivetrain components 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.