OREANDA-NEWS. Dana Incorporated (NYSE: DAN) ("Dana") today announced that its wholly owned indirect subsidiary, Dana Financing Luxembourg S.? r.l. (the "Issuer"), has closed its previously announced offering of $400 million aggregate principal amount of 5.750% Senior Notes due 2025 (the "2025 Notes"). In connection with the issuance of the 2025 Notes, the Issuer entered into a U.S. dollar–Euro swap, which has effectively fixed the interest cost to Dana on the 2025 Notes at 3.85%. The 2025 Notes are fully and unconditionally guaranteed by Dana.

Dana is a world leader in highly engineered solutions for improving the efficiency, performance, and sustainability of powered vehicles and machinery. Dana supports the passenger vehicle, commercial truck, and off-highway markets, as well as industrial and stationary equipment applications. Founded in 1904, Dana employs approximately 27,000 people in 34 countries on six continents who are committed to delivering long-term value to customers. The company reported sales of more than $5.8 billion in 2016. Forbes Magazine has again selected Dana as one of America's 100 Most Trustworthy Companies. Based in Maumee, Ohio, the company's operations were selected as a 2017 "Top Workplace" in Northwest Ohio and Southeast Michigan by The (Toledo) Blade.