Dana adds $500 million delayed-draw term loan A facility
Dana entered an eighth amendment to its credit and guaranty agreement on July 10, 2026, adding a new senior secured delayed draw term loan A facility.
The Delayed Draw Term Loan A Facility totals USD 500 million, available in a single draw through Aug. 1, 2026.
Proceeds target general corporate purposes, including repayment or repurchase of the 2031 Notes.
The facility matures 364 days from borrowing, with quarterly amortization starting Dec. 31, 2026 at 10% of outstanding principal.
Loans carry the same interest rate as revolving credit advances under the existing credit agreement.
The facility is guaranteed by restricted wholly owned domestic subsidiaries and secured by a first-priority lien on substantially all borrower and guarantor assets.
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