Dana entered into Amendment No. 8 to its Credit and Guaranty Agreement, adding a new $500 million senior secured delayed draw Term Loan A facility for general corporate purposes, including redeeming its 2031 notes. The facility can be drawn once before Aug 1, 2026, bears interest at the same rate as the revolver, and matures 364 days after borrowing. It is first-lien secured and guaranteed by restricted wholly owned domestic subsidiaries, with 10% quarterly amortization starting Dec 31, 2026 and the balance due at maturity.
Agreement details:
- Agreement type: Senior secured delayed draw term loan A facility
- Counterparty: Citibank, as Administrative Agent and Collateral Agent, and other lenders
- Signed / Effective: Jul 10 2026 / Jul 10 2026
- Duration / Termination: 364 days from borrowing
- Reason: Refinance 2031 Notes and for general corporate purposes
Original SEC Filing:
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