SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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|Item 1.01|| |
Entry into a Material Definitive Agreement.
On March 25, 2021, Dana Incorporated (“Dana”) entered into Amendment No. 5 to Credit and Guaranty Agreement and Amendment No. 3 to Security Agreement (the “Fifth Amendment”), among Dana, as a borrower, Dana International Luxembourg S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg (“DIL”), as a borrower, certain domestic subsidiaries of Dana party thereto (the “Guarantors”), the lenders party thereto and Citibank, N.A., as administrative agent and collateral agent (in such capacities, the “Agent”). The Fifth Amendment amends (i) the Credit and Guaranty Agreement, dated as of June 9, 2016 (as amended from time to time, the “Credit Agreement”), among Dana and DIL, as borrowers, the Guarantors from time to time party thereto, the lenders from time to time party thereto and the Agent and (ii) the Security Agreement, dated as of June 9, 2016 (as amended from time to time, the “Security Agreement”), among Dana, the Guarantors and the Agent.
The Fifth Amendment, among other things, increases the committed principal amount under the revolving facility under the Credit Agreement (the “Revolving Facility”) by $150 million to an aggregate committed principal amount of $1,150 million, and extends the maturity under the Revolving Facility by approximately one and a half years to March 2026.
The description above is a summary of the Fifth Amendment and is qualified in its entirety by the complete text of the Fifth Amendment, which is attached to this report as Exhibit 10.1 and is incorporated herein by reference.
|Item 2.03|| |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth above, under Item 1.01, is incorporated herein by reference.
|Item 9.01|| |
Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is filed with this report.
|10.1||Amendment No. 5 to Credit and Guaranty Agreement and Amendment No. 3 to Security Agreement, dated as of March 25, 2021, among Dana Incorporated, Dana International Luxembourg S.à.r.l., the guarantors party thereto, Citibank, N.A. as administrative agent and collateral agent, and the lenders party thereto.|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document)|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Date: March 29, 2021||By:|
|Name:||Douglas H. Liedberg|
|Title:||Senior Vice President, General Counsel and Secretary|