Shearman And Sterling

News May 28, 2021

Dana Financing Luxembourg Sàrl’s €325 Million Offering of Senior Notes

Shearman & Sterling advised Credit Suisse Securities (Europe), J.P. Morgan Securities, Bank of Montreal, London Branch, Barclays Bank, BofA Securities Europe, Citigroup Global Markets, Goldman Sachs International, Mizuho Securities Europe, RBC Europe, Citizens Capital Markets, Fifth Third Securities and KeyBanc Capital Markets, as initial purchasers in connection with Dana Financing Luxembourg S.à r.l.’s Rule 144A/Regulation S private placement of €325 million aggregate principal amount of 3.000% Senior Notes due 2029. The notes are guaranteed by Dana Financing Luxembourg’s parent company, Dana Incorporated and are expected to be listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on its Euro MTF Market.

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