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Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.

Dana Closes Senior Notes Offering

Paul, Weiss client Dana Holding Corporation, a worldwide supplier of auto parts, closed a private offering by its wholly owned subsidiary, Dana Financing Luxembourg S.à r.l., of $375 million in aggregate principal amount of 6.500% senior notes due 2026. In connection with the issuance of the notes, the issuer entered into a cross-currency U.S. dollar-euro basis swap to hedge against the resulting exposure to exchange rate fluctuations between the U.S. dollar and the euro. The initial purchasers in the notes offering were Citigroup, Goldman Sachs & Co., Bank of America Merrill Lynch, Barclays, J.P. Morgan, UBS Investment Bank, RBC Capital Markets and Citizens Capital Markets, Inc.

The Paul, Weiss team included corporate partners David Huntington and Manuel Frey; tax partners David Mayo and Patrick Karsnitz; and environmental counsel William O'Brien.

May 27, 2016

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