Shearman And Sterling

News November 20, 2019

Dana Incorporated’s $300 Million Tender Offer and Consent Solicitation

Shearman & Sterling advised Citigroup Global Markets Inc., as dealer manager, in connection with Dana Incorporated’s (Dana) cash tender offer to purchase any and all of the outstanding $300 million aggregate principal amount of its 6.000 percent senior notes due 2023 and consent solicitation to enter into a supplemental indenture to amend certain terms of the indenture governing the notes.

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.

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