DANA Inc — Form 8-K
Filed July 10, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 23/100
What the filing says
Amendment No. 8 to Dana's Credit and Guaranty Agreement, dated July 10, 2026, adds a $500 million 2026 Delayed Draw Term A Facility with a draw deadline of August 1, 2026 or upon consummation of the Mamba Sale. Counterparties include Citibank (Administrative Agent), Goldman Sachs Bank USA, Barclays Bank PLC, BMO Bank N.A., Bank of America N.A., JPMorgan Chase Bank N.A., Mizuho Bank Ltd., Morgan Stanley Senior Funding Inc., Citizens Bank N.A., Fifth Third Bank, KeyBank National Association, and The Bank of Nova Scotia. The facility is pari passu with existing term facilities and subject to standard conditions precedent.
Why this rating
Delayed draw facility is routine credit extension; $500M is 23% of company's ~$2.2B market value, but is contingent, undrawn capital. Standard amendment mechanics.
See more from July 10, 2026.
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