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Dana Incorporated Announces Tender Offer and Consent Solicitation for 2024 Notes


Dana Incorporated Announces Tender Offer and Consent Solicitation for 2024 Notes
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MAUMEE, Ohio, April 29, 2021 /PRNewswire/ Dana Incorporated (NYSE: DAN) ( Dana ) today announced the commencement of a cash tender offer (the Offer ) to purchase any and all of the outstanding $425 million aggregate principal amount of its 5.500% Senior Notes due 2024 (CUSIP No. 235825AE6) (the Notes ), upon the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated April 29, 2021 (the Statement ).
In connection with the Offer, Dana is also soliciting the consent of holders of the Notes (the Solicitation ) to certain proposed amendments to the indenture governing the Notes to, among other things, eliminate substantially all of the restrictive covenants, certain events of default and certain other provisions, and to shorten the required notice period for redemptions of the Notes ....

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