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Dana Incorporated reports news on its vehicle propulsion and powertrain businesses for light- and commercial-vehicle markets. The company designs and manufactures drive systems, electrodynamic technologies, thermal-management products, and sealing solutions for vehicle manufacturers and related aftermarkets.
Recurring updates for Dana Incorporated include financial results, cost-savings actions, new business wins, capital allocation through dividends and share repurchases, debt reduction, and portfolio changes following the completed sale of the Off-Highway business. Company communications also cover the Dana 2030 strategic plan, margin and cash-flow targets, governance matters, and leadership-transition disclosures.
Dana Incorporated (NYSE: DAN) has been recognized as a 2020 Supplier of the Year by General Motors for its driveline technologies and sealing solutions. This marks the fourth consecutive year Dana has received this award, chosen by a GM global team based on stringent performance criteria across various sectors. In 2020, Dana reported sales of $7.1 billion and has maintained a long-standing partnership with GM since 1904. The recognition underscores Dana's commitment to innovation and sustainable practices in the automotive industry.
Dana announced its participation in the virtual Deutsche Bank Global Auto Industry Conference on June 16, 2021, at 2:15 p.m. EDT. James Kamsickas, Chairman and CEO, along with Jonathan Collins, CFO, will present an overview of the company and answer questions for 35 minutes. Investors can access the webcast details on Dana's Investor website. The company, headquartered in Maumee, Ohio, reported sales of $7.1 billion in 2020.
Dana Incorporated (NYSE: DAN) will participate in the KeyBanc Industrials & Basic Materials Virtual Conference on June 1, 2021, starting at 10:40 a.m. EDT. Jonathan Collins, the Executive Vice President and Chief Financial Officer, will present an overview of the company and engage in a Q&A session lasting about 30 minutes. Investors can access the webcast details on Dana's investor website.
In 2020, Dana reported sales of $7.1 billion and has a workforce of 38,000 across 33 countries.
Dana Incorporated (NYSE: DAN) announced the pricing of its €325 million offering of 3.000% Senior Notes due 2029, which will be guaranteed by the company. The proceeds will be used to redeem existing 6.500% Senior Notes due 2026 and cover related fees. Led by Credit Suisse and J.P. Morgan, a group of financial institutions is managing the offering. This strategic move aims to optimize Dana's debt structure, promoting financial stability. Dana, a leader in propulsion and energy-management solutions, reported $7.1 billion in sales for 2020.
Dana Incorporated (NYSE: DAN) reported that as of May 12, 2021, approximately 60% of its 5.500% Senior Notes due 2024, totaling $254 million, were tendered in a consent solicitation. This enabled Dana to amend the indenture, reducing restrictive covenants and shortening the redemption notice period from 30 days to two business days. All conditions in the accompanying Statement remain unchanged, and Dana anticipates accepting the tendered notes for payment on May 13, 2021. The tender offer ends on May 26, 2021, with early participants receiving $1,020 per $1,000 principal amount, inclusive of interest.
Dana is proposing to issue €325 million in senior unsecured notes due 2029 through its subsidiary, Dana Financing Luxembourg S.à r.l. The 2029 Notes aim to refinance existing debt by redeeming the 6.500% Senior Notes due 2026 at a price of 103.250% plus accrued interest. The offering will only be available to qualified institutional buyers and non-U.S. investors, exempt from U.S. registration requirements. Dana's commitment to efficient energy solutions continues, having reported $7.1 billion in sales for 2020.
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Dana Incorporated (NYSE: DAN) will participate in the virtual Oppenheimer 16th Annual Industrial Growth Conference on May 4, 2021, at 1:30 p.m. EDT, featuring Executive Vice President and CFO Jonathan Collins. The company will also join the 2021 Virtual Wells Fargo Industrials Conference on May 6, 2021, from 3:20 p.m. to 3:50 p.m. EDT. Webcast access details will be available on Dana's Investor website. Dana, based in Maumee, Ohio, reported $7.1 billion in sales for 2020 and is recognized for its sustainability efforts and high-performance workplace culture.
Dana Incorporated (NYSE: DAN) has priced its offering of $400 million in 4.250% Senior Notes due 2030. The company plans to use the net proceeds for financing eligible green projects as outlined in its Green Financing Framework. Citigroup, Barclays, BMO, and others are acting as joint-bookrunning managers for the offering. The news release includes forward-looking statements regarding the use of proceeds, acknowledging risks and uncertainties linked to these projections. Dana reported $7.1 billion in sales for 2020, emphasizing its commitment to sustainability.
On April 29, 2021, Dana Incorporated (NYSE: DAN) announced a registered offering of $400 million in senior unsecured notes due 2030. The net proceeds will support eligible green projects under Dana's Green Financing Framework. The offering is managed by prominent financial institutions, including Citigroup and Barclays. This move aligns with Dana's commitment to sustainability, which has been recognized in its corporate ethos. Dana reported $7.1 billion in sales for 2020 and was named one of America's Most Responsible Companies for 2021.