Dana Announces Launch of Tender Offers for Any and All of its Outstanding 4.250% Senior Notes due 2030 and 4.500% Senior Notes due 2032

(NYSE:DAN) Dana Incorporated announced the commencement of tender offers to purchase for cash any and all of its outstanding 4.250% Senior Notes due 2030 and 4.500% Senior Notes due 2032. The aggregate principal amount outstanding for the 4.250% Senior Notes due 2030 is $226,800,000, and for the 4.500% Senior Notes due 2032 is $198,452,000. The CUSIP and ISIN for the 4.250% Senior Notes due 2030 are 235825AH9 / US235825AH97, and for the 4.500% Senior Notes due 2032 are 235825AJ5 / US235825AJ53. The tender offers are being made pursuant to the Offer to Purchase dated November 6, 2026. The consideration for each $1,000 principal amount of Notes validly tendered and accepted for purchase will be determined by reference to the applicable fixed spread plus the yield to maturity of the relevant U.S. Treasury Reference Security, as specified in the Offer to Purchase. The fixed spread for the 4.250% Senior Notes due 2030 is 0 bps over the 4.125% UST due August 31, 2030, and for the 4.500% Senior Notes due 2032 is 0 bps over the 1.875% UST due February 15, 2032. The consideration does not include accrued interest, which will be paid separately. The Offers will expire at 5:00 p.m., New York City time, on November 13, 2026, unless extended or terminated by Dana Incorporated. The settlement date for accepted Notes is expected to be on or about November 17, 2026, the second business day following the Expiration Date. Notes may be withdrawn at or prior to the earlier of the Expiration Date or, if extended, the 10th business day after commencement of the Offer, and may also be withdrawn after the 60th business day if the Offer has not been consummated. The Offers are not conditioned on any minimum amount of Notes being tendered. Dana Incorporated may, after the Offers, defease all covenants (except payment of principal and interest and maintenance of office) with respect to one or both series of Notes, in which case holders will continue to receive interest and principal but will not benefit from restrictive covenants, including change of control repurchase obligations. J.P. Morgan Securities LLC and Barclays Capital Inc. have been retained as dealer managers for the Offers. The full terms and conditions are described in the Offer to Purchase, which is available from D.F. King & Co.