New Issue-Dana Holding Corp sells $750 mln in notes

Tue Jan 25, 2011 5:37pm EST

  Jan 25 (Reuters) - Dana Holding Corp (DAN.N) on Tuesday
sold $750 million of senior notes in a two-part sale, said IFR,
a Thomson Reuters service.
 The size of the deal was increased from an originally
planned $700 million.
 Citi, Wells Fargo Securities, Bank of America Merrill
Lynch, Barclays, ING, Deutsche Bank and UBS were the joint
bookrunning managers for the sale.
BORROWER: DANA HOLDING CORP
TRANCHE 1                                                
AMT $400 MLN      COUPON 6.50 PCT     MATURITY 2/15/2019 
TYPE SR NTS       ISS PRICE 100       FIRST PAY 8/15/2011
MOODY'S B3        YIELD 6.50 PCT      SETTLEMENT 1/28/2011
S&P BB-MINUS      SPREAD N/A          PAY FREQ SEMI-ANNUAL
FITCH N/A                             NON-CALLABLE 4 YRS*
TRANCHE 2                                                
AMT $350 MLN      COUPON 6.75 PCT     MATURITY 2/15/2021 
TYPE SR NTS       ISS PRICE 100       FIRST PAY 8/15/2011
MOODY'S B3        YIELD 6.75 PCT      SETTLEMENT 1/28/2011
S&P BB-MINUS      SPREAD N/A          PAY FREQ SEMI-ANNUAL
FITCH N/A                             NON-CALLABLE 5 YRS*
*MAKE-WHOLE CALL 50 BPS                                  


Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.