Dana Completes Tender Offers for Senior Notes

MAUMEE, Ohio, Nov. 13, 2026 /CourierPR/ -- Dana Incorporated, a global leader in the design and manufacture of highly efficient propulsion solutions for the light- and commercial vehicle markets, has completed its tender offers for its outstanding 4.250% Senior Notes due 2030 and 4.500% Senior Notes due 2032. The offers, made pursuant to the Offer to Purchase, dated November 6, 2026, expired at 5:00 p.m., New York City time, on November 13, 2026.

According to D.F. King & Co., Inc., the tender and information agent for the offers, $357,873,000 aggregate principal amount of the notes were validly tendered by the expiration date and not validly withdrawn by the withdrawal deadline. This amount includes both the 4.250% Senior Notes due 2030 and the 4.500% Senior Notes due 2032.

Dana Incorporated intends to accept for purchase the principal amount of the notes specified in the table and pay the applicable consideration and accrued interest for such notes on the settlement date. The company will continue to monitor the remaining outstanding notes, with the intention of defeasing all covenants, except for payment of principal and interest and maintenance of office, with respect to one or both series of notes. This defeasance would allow holders of the remaining notes to continue receiving interest on each scheduled interest payment date and principal on the stated maturity date, but they would no longer benefit from any restrictive covenants removed pursuant to the defeasance, including the change of control repurchase obligations.

The company's forward-looking statements, including those in the Offer to Purchase, are subject to risks and uncertainties. These statements represent the present expectations of Dana Incorporated based on current information and assumptions. Forward-looking statements can often be identified by words such as "anticipates," "expects," "believes," "intends," "plans," "predicts," "seeks," "estimates," "projects," "outlook," "may," "will," "should," "would," "could," "potential," "continue," "ongoing" and similar expressions, variations or negatives of these words. The company undertakes no obligation to publicly update or revise any forward-looking statement to reflect events or circumstances that may arise after the date of this news release.

The completion of the tender offers marks a significant step in Dana's ongoing financial management and strategic planning. The company's commitment to maintaining its financial flexibility and optimizing its capital structure is evident in this transaction.