Shearman And Sterling

News November 20, 2019

Dana Incorporated’s $300 Million Registered Offering of Senior Notes

Shearman & Sterling advised Citigroup Global Markets Inc., Barclays Capital Inc., BMO Capital Markets Corp., BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC and RBC Capital Markets, LLC., as underwriters, in connection with the registered offering by Dana Incorporated (Dana) of $300 million aggregate principal amount of its 5.375% senior notes due 2027.

Dana is a world leader in providing power-conveyance and energy-management solutions for vehicles and machinery. The company's portfolio improves the efficiency, performance, and sustainability of light vehicles, commercial vehicles and off-highway equipment. From axles, driveshafts, and transmissions to electrodynamic, thermal, sealing and digital solutions, the company enables the propulsion of conventional, hybrid and electric- powered vehicles by supplying nearly every vehicle manufacturer in the world.

 The Team