January 25, 2011 / 10:40 PM / in 6 years

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

2 Min Read

  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                                     

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