Short answer
DANA Inc (DAN) filed an 8-K current report with the SEC on July 10, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation), Item 8.01 (Other Events). New $500.0 million senior secured delayed-draw Term Loan A facility.
DANA Inc 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- New $500.0 million senior secured delayed-draw Term Loan A facility
- Single draw available through August 1, 2026, for corporate purposes including 2031 Notes repayment or repurchase
- 364-day maturity after borrowing, creating near-term refinancing and liquidity obligations
- Quarterly amortization begins December 31, 2026, at 10% of outstanding principal
- First-priority liens on substantially all Dana and guarantor assets, increasing secured creditor claims seniority
Item 8.01 · Other Events
- Full draw on Delayed Draw Term Loan A Facility planned to fund debt refinancing
- 8.500% Senior Notes due 2031 targeted for redemption around July 31, 2026
- Redemption price 104.250% of principal plus accrued unpaid interest
- Refinancing replaces high-coupon notes but creates new term-loan obligations
- Completion depends on facility funding and proceeds availability
Other items in this filing:
- Item 2.03: Creation of a Direct Financial Obligation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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