Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News May 27, 2016

Shearman & Sterling Advises on Dana Financing Luxembourg S.à r.l.’s $375 Million Offering of Senior Notes

Shearman & Sterling advised Citigroup Global Markets Inc., Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., J.P. Morgan Securities LLC, UBS Securities LLC, RBC Capital Markets, LLC and Citizens Capital Markets, Inc. as initial purchasers in connection with Dana Financing Luxembourg S.à r.l.’s Rule 144A/Regulation S private placement of $375 million aggregate principal amount of 6.500% senior notes due 2026. The notes are jointly and severally guaranteed on a senior unsecured basis by Dana Financing Luxembourg’s parent company, Dana Holding Corporation.

Dana Holding Corporation is a leading supplier of driveline, sealing and thermal-management technologies for passenger, commercial and off-highway vehicles with both conventional and alternative-energy powertrains.

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), Heather Pals (New York-Corporate) and Victor Nilsson (New York-Corporate).