Dana Launches €325 Million Senior Notes Offering MAUMEE, Ohio , May 11, 2021 |PRNewswire| -- Dana Incorporated (NYSE: DAN ) ("Dana") today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l., is proposing to issue €325 million aggregate principal amount of senior unsecured notes due 2029 (the "2029 Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The 2029 Notes will be fully and unconditionally guaranteed by Dana. Additionally, Dana today issued a conditional notice of redemption for any and all outstanding 6.500% Senior Notes due 2026 (the "2026 Notes") at a redemption price of 103.250% of the principal amount thereof, plus accrued and unpaid interest. Dana intends to use the net proceeds from the offering of the 2029 Notes, together with cash on hand, to (i) redeem all of Dana's outstanding 2026 Notes and (ii) pay related fees and expenses. The 2029 Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States , only to non-U.S. investors in reliance on Regulation S under the Securities Act.