Dana adds $250 million term loan tied to off-highway business divestiture
Dana Incorporated entered into Amendment No. 7 to its Credit and Guaranty Agreement on July 31, 2025, adding a new $250.0 million term A facility. The facility matures at the earlier of five business days after the off-highway business divestiture closes or 364 days after the amendment takes effect, so it adds new borrowing that shareholders will need to track against the planned sale.
Key points
- New 2025 term A facility: $250.0 million aggregate principal amount, added by Amendment No. 7 dated July 31, 2025
- Maturity: earlier of five business days after the off-highway business divestiture closes or 364 days after the amendment takes effect
- Quarterly amortization of 10% of principal starting December 31, 2025, with the balance due at maturity
- Facility is guaranteed by domestic subsidiaries and secured by first-priority liens on substantially all assets of Dana and the guarantors
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.