Dana launches $375 million senior notes offering
Dana Holding Corp : Proposing to issue $375 million aggregate principal amount of senior unsecured notes due 2026 . Issued a notice of redemption in respect of all of its outstanding 6.750% notes due 2021 . Intends to use proceeds from 2026 notes offering to redeem all of its 2021 notes . Received commitments from lenders for new cash flow revolving credit facility with 5-year term, availability of $500 million . Cash flow facility will replace dana's existing asset based revolving credit facility . New cash flow revolving credit facility will be reduced for outstanding credit advances or letter of credit issuances .Dana launches $375 million senior notes offering.