PRESS RELEASE
2 June 2023

Dana Financing Luxembourg S.À R.L.’S €425 Million Offering Of Senior Notes

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
Shearman & Sterling advised the initial purchasers in connection with a Rule 144A/Regulation S offering by Dana Financing Luxembourg S.à r.l. of €425 million aggregate principal...
United States

Shearman & Sterling advised the initial purchasers in connection with a Rule 144A/Regulation S offering by Dana Financing Luxembourg S.à r.l. of €425 million aggregate principal amount of 8.500% Senior Notes due 2031. The notes are guaranteed by Dana Financing Luxembourg's parent company, Dana Incorporated, and are expected to be listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on its Euro MTF Market.

Dana is a world leader in providing power-conveyance and energy-management solutions for vehicles and machinery. Its portfolio improves the efficiency, performance and sustainability of light vehicles, commercial vehicles and off-highway equipment.

The Team

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.

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