Dana launches $350 million senior notes offering

Maumee, ohio, nov. 15, 2021 /prnewswire/ -- dana incorporated (nyse: dan) ("dana") today announced that it is commencing, subject to market conditions, a registered offering of $350 million aggregate principal amount of senior unsecured notes due 2032. the company intends to use the net proceeds from the offering, together with cash on hand, to repay $349 million in outstanding borrowings under its senior secured term loan b facility.
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