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AI brief of an SEC Form 8-K · Dana Incorporated (DAN)

Dana secures $500 million delayed draw loan to redeem 8.500% 2031 notes

Neutral Impact 3 of 5 financing Written later

Dana entered into an amendment to its credit agreement providing a new $500.0 million senior secured delayed draw term loan, which it expects to draw in full to redeem all outstanding 8.500% Senior Notes due 2031 on or around July 31, 2026. The redemption price is 104.250% of principal plus accrued interest, so shareholders should note the refinancing cost and the new secured debt that ranks ahead of unsecured holders.

Key points

  • Delayed Draw Term Loan A Facility: $500.0 million, available to draw until August 1, 2026
  • Loan matures 364 days after borrowing; amortization of 10% per quarter starting December 31, 2026
  • Planned redemption of 8.500% Senior Notes due 2031 on or around July 31, 2026 at 104.250% of principal plus accrued interest
  • Loan is guaranteed by domestic subsidiaries and secured by a first-priority lien on substantially all assets of Dana and the guarantors

The filing

CompanyDana Incorporated (DAN)
Form8-K, current report
Filed with the SECJul 10, 2026, 4:30 PM ET
Accession number0001193125-26-300962

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

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 July 10, 2026.

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.