MAUMEE, Ohio, Nov. 20, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it has extended the early tender time for its previously announced tender offer and consent solicitation (the “Tender Offer and Consent Solicitation”) for any and all of its outstanding 6.000% Senior Notes due 2023 (CUSIP No. 235825AD8) (the “Notes”) from 5:00 p.m.,… Continue reading Dana Announces Extension of Early Tender Time for Tender Offer and Consent Solicitation for 2023 Notes
Author: Dana_Corporation Official News
Fendt Expands Engineering Collaboration with Dana Incorporated through Joint Development of Axles for New Fendt 900 Vario Series Tractors
HANNOVER, Germany, Nov. 11, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced the expansion of a joint engineering agreement with Fendt, a worldwide brand of AGCO. Over the past three years, the companies have co-developed advanced Spicer® 980 independent suspended axles for the new Fendt 900 Vario series of large tractors. Ranging from 296 to… Continue reading Fendt Expands Engineering Collaboration with Dana Incorporated through Joint Development of Axles for New Fendt 900 Vario Series Tractors
Dana Expands Lineup for Agriculture Equipment with New Spicer® Electrified™ e-Axles and e-Gearboxes for Telehandlers
HANNOVER, Germany, Nov. 11, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today unveiled new e-Mobility technologies that improve the performance of drive and work functions for field sprayers and telehandlers used in agriculture. At the Agritechnica 2019 trade show, Dana is showcasing drive systems for telehandlers and field sprayers to illustrate the company’s modular approach for… Continue reading Dana Expands Lineup for Agriculture Equipment with New Spicer® Electrified™ e-Axles and e-Gearboxes for Telehandlers
Ultimate Dana 60™ Axles Now Available Without Brackets, Designed to Fit Any Application
LAS VEGAS, Nov. 6, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it will be offering Ultimate Dana 60 Bracketless™ axles, which remove the mounting brackets, allowing for smoother installation into virtually any application. End users will now be able to add the proper mounting brackets they choose. The axles otherwise include all the… Continue reading Ultimate Dana 60™ Axles Now Available Without Brackets, Designed to Fit Any Application
Dana Launches $300 Million Senior Notes Offering
MAUMEE, Ohio, Nov. 5, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it is commencing, subject to market conditions, a registered offering of $300 million aggregate principal amount of senior unsecured notes due 2027. The company intends to use the net proceeds from the offering, together with cash on hand, to purchase in… Continue reading Dana Launches $300 Million Senior Notes Offering
Dana Incorporated Announces Tender Offer and Consent Solicitation for 2023 Notes
MAUMEE, Ohio, Nov. 5, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced the commencement of a cash tender offer (the “Offer”) to purchase any and all of the outstanding $300 million aggregate principal amount of its 6.000% Senior Notes due 2023 (CUSIP No. 235825AD8) (the “Notes”), upon the terms and conditions set forth in the… Continue reading Dana Incorporated Announces Tender Offer and Consent Solicitation for 2023 Notes
Dana Incorporated Amends Credit Agreement to Further Strengthen Balance Sheet and Liquidity Position
MAUMEE, Ohio, Sept. 4, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) has announced the closing of an amendment to its existing senior secured credit facility. The amended and restated senior secured credit facility includes an amended and extended revolving credit facility, which increases the aggregate amount available to $1 billion from $750 million and extends the… Continue reading Dana Incorporated Amends Credit Agreement to Further Strengthen Balance Sheet and Liquidity Position
Dana Highlights ePropulsion Technologies at CTI Symposium USA
MAUMEE, Ohio, May 13, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) is showcasing its extensive portfolio of electrification systems and technologies at the CTI Symposium USA, May 13-16, in Novi, Michigan. Among the technologies presented at the show will be Dana’s electric drive units, e-Axles, electric transmissions, and thermal management and sealing solutions. “Dana’s portfolio… Continue reading Dana Highlights ePropulsion Technologies at CTI Symposium USA
Dana Incorporated Appoints Leader for Dana India
MAUMEE, Ohio, May 2, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN), a leading provider of propulsion technologies in India for more than 50 years, today announced that Gajanan Gandhe is joining the company as country leader of Dana India, effective today. In this role, Mr. Gandhe will work across Dana, including the company’s business units, functional… Continue reading Dana Incorporated Appoints Leader for Dana India
Dana Incorporated Announces Record First-quarter 2019 Financial Results
MAUMEE, Ohio, May 2, 2019 /PRNewswire/ — First-quarter Highlights Record first-quarter sales of $2.2 billion, an increase of $25 million compared with first-quarter 2018; represents 5 percent growth on a constant-currency basis Net income attributable to Dana of $98 million; diluted EPS of $0.68 Record adjusted EBITDA of $257 million, an increase of $9 million… Continue reading Dana Incorporated Announces Record First-quarter 2019 Financial Results