MAUMEE, Ohio, April 29, 2021 /PRNewswire/ -- Dana Incorporated
(NYSE: DAN) ("Dana") today announced that it has priced its
offering of $400
million aggregate principal amount of 4.250% Senior Notes due
2030.
The company intends to allocate the net proceeds from the
offering to finance or refinance, in whole or in part, recently
completed or future eligible green projects as described in Dana's
Green Financing Framework, which is available on Dana's website at
www.dana.com/greenbond
Citigroup Global Markets Inc.; Barclays Capital Inc.; BMO
Capital Markets Corp.; BofA Securities; Credit Suisse Securities
(USA) LLC; Goldman Sachs & Co.
LLC; J.P. Morgan Securities LLC; Mizuho Securities USA LLC and RBC Capital Markets, LLC are
acting as joint-bookrunning managers and Citizens Capital Markets,
Inc., Fifth Third Securities, Inc. and KeyBanc Capital Markets Inc.
are acting as co-managers in the offering.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
Forward-Looking Statements
Certain statements and projections contained in this news
release are, by their nature, forward-looking within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements, including with respect to the use of
proceeds, are based on our current expectations, estimates, and
projections about our industry and business, management's beliefs,
and certain assumptions made by us, all of which are subject to
change. Forward-looking statements can often be identified by words
such as "anticipates," "expects," "intends," "plans," "predicts,"
"believes," "seeks," "estimates," "may," "will," "should," "would,"
"could," "potential," "continue," "ongoing," and similar
expressions, and variations or negatives of these words. These
forward-looking statements are not guarantees of future results and
are subject to risks, uncertainties, and assumptions that could
cause our actual results to differ materially and adversely from
those expressed in any forward-looking statement.
Dana's Annual Report on Form 10-K, subsequent Quarterly Reports
on Form 10-Q, recent Current Reports on Form 8-K, and other
Securities and Exchange Commission filings discuss important risk
factors that could affect our business, results of operations and
financial condition. The forward-looking statements in this news
release speak only as of this date. Dana does not undertake any
obligation to revise or update publicly any forward-looking
statement for any reason.
About Dana Incorporated
Dana is a leader in the design
and manufacture of highly efficient propulsion and
energy-management solutions for all mobility markets across the
globe. The company's conventional and clean-energy solutions
support nearly every vehicle manufacturer with drive and motion
systems; electrodynamic technologies, including software and
controls; and thermal, sealing, and digital solutions.
Based in Maumee, Ohio, USA, the
company reported sales of $7.1
billion in 2020 with 38,000 associates in 33 countries
across six continents. Founded in 1904, Dana was named one of
"America's Most Responsible Companies 2021" by Newsweek for its
emphasis on sustainability and social responsibility. The company
is driven by a high-performance culture that focuses on its people,
which has earned it global recognition as a top employer, including
"World's Best Employer" from Forbes magazine.
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SOURCE Dana Incorporated