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News Aug 30, 2019

Dana Incorporated $1 Billion Amended Financing

Shearman & Sterling advised Citibank, N.A., as administrative agent, on an amendment to Dana Incorporated’s existing credit facility to increase the revolving commitments by $250 million to $1 billion, to extend the maturity of both the $500 million term loan A facility and the revolving credit facility and to add a new borrower. 

Headquartered in Maumee, Ohio, Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies and fluid-power products to vehicle and engine manufacturer worldwide.

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