Nachrichten April 04, 2017

Shearman & Sterling Advises on Dana Financing Luxembourg S.à r.l.’s $400 Million Offering of Senior Notes

Shearman & Sterling advised Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., UBS Securities LLC and RBC Capital Markets, LLC as initial purchasers in connection with Dana Financing Luxembourg S.à r.l.’s Rule 144A/Regulation S private placement of $400 million aggregate principal amount of 5.750% senior notes due 2025. The notes are guaranteed by Dana Financing Luxembourg’s parent company, Dana Incorporated (formerly Dana Holding Corporation) (“Dana”).

Dana is a world leader in highly engineered solutions for improving the efficiency, performance and sustainability of powered vehicles and machinery. Dana supports the passenger vehicle, commercial truck and off-highway markets, as well as industrial and stationary equipment applications.

The Shearman & Sterling team included partners Jason Lehner (Toronto/New York-Capital Markets) and Larry Crouch (Menlo Park-Tax); counsel Jeffrey Salinger (New York-Environmental); and associates Ana Aur (Toronto-Capital Markets), Joanna Enns (Toronto-Capital Markets), Ryan Robski (Toronto-Capital Markets) and Emalie Sundale (Menlo Park-Tax).