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Prospect News home > News index > List of issuers D > Headlines for Dana Inc. > News item
Published on 5/10/2023 in the Prospect News Bank Loan Daily, Prospect News Green Finance Daily and Prospect News High Yield Daily.

Fitch gives Dana notes BB+

Fitch Ratings said it gave BB+/RR4 ratings to Dana Financing Luxembourg Sarl’s planned issuance of €425 million of senior unsecured notes due 2031 in a private placement. Dana Financing is a subsidiary of Dana Inc., and Dana will guarantee the notes.

The agency last reviewed Dana’s BB+ ratings on Dec. 16.

Dana intends to primarily the proceeds to redeem $200 million of Dana Financing's $400 million of 5¾% senior unsecured notes due 2025 and repay $245 million of revolver borrowings.

The outlook is negative.


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