Dana Announces Launch of Tender Offers for Any and All of its Outstanding 4.250% Senior Notes due 2030 and 4.500% Senior Notes due 2032
Dana Incorporated launched cash tender offers to purchase any and all of its outstanding 4.250% senior notes due 2030 ($226.8M principal) and 4.500% senior notes due 2032 ($198.5M principal). The offers are priced at a fixed spread of zero bps over the applicable Treasury reference security and expire November 13, 2026, with settlement expected on or about November 17, 2026. The offers carry no minimum-tender condition.
Key figures
- Fixed spread
- 0 bps
- Expiration date
- November 13, 2026, 5:00 p.m. NYC time
- Settlement date
- on or about November 17, 2026
- Notes due 2030 principal
- 226800000
- Notes due 2032 principal
- 198452000
AI analysis
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